I dont see it as a simple proposition as you put it.
The choice is between spending $X to modify and restart the 2ktpa operation to name plate and selling in 2025 when LCE prices will likely remain low and probably at a loss given the scale or focus entirely on the 12ktpa. They announced following industry standard engineering development phases to construction, engaging a reputable engineering firm rather than self perform and incorporate lessons learned from the 2ktpa operation. Production would commence early 2028 (my guess) when LCE prices are likely to have recovered. They obviously believe greater share holder value lies in the 12ktpa and not the 2ktpa hence the update yesterday.
AGY Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
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