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AGY

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3.5¢ argosy minerals limited

With updated metrics - 1 tonne per 48 days

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spinc

1,997 Posts.

862

04/04/23

13:41

Post #: 67127509
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Originally posted by GCar: ↑

Gday spinc,

there’s a key error there; the LiCl eluate has a higher concentration than the brine. It is the product of their DLE process.
iirc they would need circa 120kL of this eluate to produce their 2500kg LCE target.
On a side note, simple calcs indicate that to meet their 50,000tpa pipe dream “base case” (lol), they would need to extract over 50 Billion litres of brine per year, and REINJECT over 50 Billion litres of brine back into the ground. Per year.
Let that sink in. Reckon they’ll get permits in a hurry? LMAO
Plus who is going to fund ++$1B based on sh!tty pilot plus lab work?
They will stage production, at best, and might produce in 2027 if they are lucky. Long road ahead; long truth-telling orphan period….

meanwhile, AGY produces tonne after tonne after tonne…

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With updated metrics - 1 tonne per 48 days

AGY Price at posting: 41.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.5¢		Change 0.000(0.00%)		Mkt cap ! $50.95M

Open	High	Low	Value	Volume
3.5¢	3.7¢	3.4¢	$142.7K	3.986M

Buyers (Bids)

No.	Vol.	Price($)
8	1429038	3.5¢

Sellers (Offers)

Price($)	Vol.	No.
3.6¢	561100	3

View Market Depth

No.	Vol.	Price($)
7	1149038	0.035
20	2382844	0.034
14	1415935	0.033
6	786250	0.032
4	954333	0.031

Price($)	Vol.	No.
0.036	561100	3
0.037	1572532	8
0.038	1243900	6
0.039	1369010	8
0.040	970475	5

Last trade - 16.10pm 14/11/2024 (20 minute delay)

AGY (ASX) Chart