Ann: Macquarie Conference Presentation, page-52

I'm not in Niu's league of knowledge, and I've never heard of AGY, but in 5 minutes I could find the following:

ORE:
Market Cap: $942 million
Current Production - Stage 1: ~12,000 tonnes per annum (ORE 66.5%)
Planned Production - Stage 1: 17,500 tonnes per annum (ORE 66.5%) - end 2017
Planned Production - Stage 2: 35,000 tonnes per annum (ORE 66.5%) ?? 2019-20 ??

AGY:
Market Cap: $247 million
Current Production - Nil
Planned Production - Stage 1: up to 500 tonnes per annum (AGY up to 50%) - March 2018
Planned Production - Stage 2: up to 1000-1500 tonnes per annum (AGY up to 77.5%) - Construction commence 1Q 2018
Planned Production - Stage 3: Date and details to confirmed

Your choice.