My A$500 million CAPEX estimate is derived from a figure in a research report by Canaccord from October 2022, as referenced on AGY's website (US$284m - refer to the screenshot below). I've increased CG's CAPEX estimate by 15% to account for its age, considering that it's over 18 months old. Note that they are estimating 45% equity financing (re: dilution).
I think keeping the increase to 15% is generous to AGY. It's worth noting that Arcadium's Sal De Vida CAPEX budget increased by 38% from April 2022 to September 2023, a similar timeframe, attributed to inflationary conditions, which would likely affect AGY similarly (refer to details below).
US$284m x 1.15 = US$326.6m or A$500m based on today's FOREX rate.
P.S - It's nice that you want to stick to what's been communicated; it's just a shame that JZ doesn't.
Ann: Rincon Lithium Project - EIA Approval Granted, page-105
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3.7¢ |
Change
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Mkt cap ! $53.86M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 3.9¢ | 3.7¢ | $114.4K | 3.011M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 2414158 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 13152 | 1 |
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