I understand what you are getting at however I am time conscious. Ramp up is completed when a plant reaches full production.
Not when the tuning of the plant is finished. They have twice now said on announcements, that they are aiming for ramp up to be completed by the end of Q2. That gives them two months to go from 5 tonnes (will take Marchs amount) to go to 166 tonnes. I would say, to state you have reached steady state and completed ramp up, they would need to be producing the 41.5 tonnes per week for at least 2 weeks, in order to make that claim. That really leaves 6 weeks from now, for AGY to hit that milestone.
I understand that delays are a given in these situations. Just think this is an easy win for BEOT shorters, who will spin some wild narrative if we miss this hard set milestone. Would've preferred no timeframe. At least until all the fine tuning has been completed.
The good side though, from ESC's point that they now have advised they have validated the chemical process. It will be interesting to see next month because that coupled with commissioning virtually completed. Should then mean tuning is done. I think next months update will be the market mover. With only one month left in the Q after, it will really set the tone for how things are going.
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argosy minerals limited
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1.5¢ |
Change
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Mkt cap ! $21.83M |
Open | High | Low | Value | Volume |
1.5¢ | 1.5¢ | 1.4¢ | $75.05K | 5.024M |
Buyers (Bids)
No. | Vol. | Price($) |
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31 | 7702069 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.5¢ | 1156682 | 7 |
View Market Depth
No. | Vol. | Price($) |
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31 | 7702069 | 0.014 |
12 | 3638076 | 0.013 |
10 | 3921411 | 0.012 |
6 | 3190000 | 0.011 |
9 | 3399700 | 0.010 |
Price($) | Vol. | No. |
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0.015 | 1156682 | 7 |
0.016 | 1704393 | 12 |
0.017 | 1738216 | 9 |
0.018 | 1806328 | 18 |
0.019 | 2734793 | 10 |
Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
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