AGY

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3.5¢ argosy minerals limited

Re: last point/timelines.... It's pretty simple: Evaporation...

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BytheHorns

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01/12/18

21:22

Post #: 36718163
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Originally posted by madex ↑

The PEA looks decent.
Not the biggest ponds, we all know that but the process behind is stable and will only get better. Also shifting directly to stage 3 is more then possible for a brine producer who knows what they have and what they do.
There is only one part that bothers me and i guess others as well:
"First LCE product from commercial operations – Q1 2021"
How can it take 1 1/2 year from the start of constructions to set up the plant? We are not talking about a hard rock player where this time seems somehow reasonable to built up there crushing circus. For example it took PLS around 1 year+ to set up everything. Im not an expert but this seems quite a long time when you already have some ponds ready. So anyone who could explain that to me maybe? Does that date maybe mean full commercial production of Stage 3?

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Re: last point/timelines.... It's pretty simple:

Evaporation ponds take 9-12months before product is ready for processing in the plant.

FYI - LAC who are under construction about 100km to the north east of Rincon at Cauchari are targeting first production 2nd half of 2020 for their 25ktpa plant

AGY Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
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