AGY argosy minerals limited

Ann: Rincon JORC Mineral Resource Upgrade & Exploration Target, page-24

  1. 5,023 Posts.
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    Cool quotes, but they’d have more impact if the company actually succeeded, or hadn’t blatantly contradicted themselves. My personal favourite of the quotes you listed was:

    For us, the best feasibility is to build an operation”.

    LOL, was it? All that building an operation achieved was working out that their operation wasn’t viable/feasible at prices lower than US$18k per tonne.

    They burned ~$70m of shareholder dollars to reach that conclusion, because building it was better than a feasibility study, which would have been a fraction of the cost. And after all those dollars and all that time wasted, they’ve circled back and are now completing a DFS, because they finally worked out that building an operation was not, in fact, the best feasibility.
 
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