A great milestone for AGY and its shareholders. This further proves that our technology works at scale, and we have at least 10 TONs of BG quality product waiting to be delivered to our preferred off take and funding partner at a price close to CIF Asia contract price currently sitting at US $63, 500/ton. Even if we make a deal at US $50,0000/ton, we will be easily sitting at over $1B market cap with just the current 2000/ton per annum production. Imagine the potential when we go beyond 12K tons per annum within 2-3 years. Our share price will catch up and exceed much much further towards fair valuation soon IMO.
A test tube full of product is definitely good news for companies that have produced nothing more than this before. However, they are far off from producing just ONE TON of this product outside of their lab. Producing at scale is what matters and hopefully their technology will work for everyone's benefit, but I am afraid it will take some time to reach to the scale these wannabe explorers are claiming to produce each year.
Share price is simply being manipulated by the bigger players and perhaps they are increasing their stake in this sector overall while retailers are selling out due to fear. The continuous aggressive shorting attack and the falling Chinese spot price all of a sudden indicates well orchestrated manipulation. Lithium demand is going nowhere as EV is and will be the future.
All the best long term and new shareholders. We are soon going to be the only 2nd ASX listed BG quality carbonate producer.
Cheers.
AGY Price at posting:
43.5¢ Sentiment: Buy Disclosure: Held
