Not exactly the news we were looking for... more of a baby step when we were expecting a large stride. Unfortunately the market was also expecting a stride, and when we only got Industrial Grade the SP Reflects this. It definitely begs the question - why even send samples to the lab if you don't have gas? The only thing I can think of is they found the process was taking longer to refine than expected, but had already committed to a target date and shareholders like ourselves were putting the pressure on. Questions do arise from this, however, I do still believe we are on the right track. We reached a milestone today regardless of our expectations. We still have plenty of news on the way to help the SP back up a little until we hear more about the gas situation. This is certainly not the train wreck that everyone is thinking it - it's just another step towards the future. I'm excited to see the JORC soon and this makes the offtake deal for stage 1 interesting. Will AGY wait for battery grade before committing to any offtake deal? Personally I would have thought so, but how much industrial grade will we pump out before the process gets refined ?(if ever) Good luck to all, the next month or so will be integral to the future of Argosy.
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