In reply to my original post as above someone made in my view of known facts, this astonishing statement...
"There's probably about $100m (at most) of sunk capital there, plus whatever the resource itself is worth (probably no more than $30m). That's around A$130m of asset value for AGY at Rincon (without factoring depreciation)"
"the resource itself is worth (probably no more than $30m)"
"probably no more than $30m"
At the beginning of this thread, the announcement states, "The Company now has approval to develop and produce up to a capacity of 12,000tpa of lithium carbonate product at our Rincon Project." And previously this month (8 April 2024) announced, "The upgraded Total Mineral Resource Estimate (MRE) comprises 686,875 tonnes of lithium carbonate... brine can be pumped for a period of up to 42 years to produce 12,000tpa of lithium carbonate."
12,000tpa x 42years x $15,000 = $7.560 Billion.
A resource that by all reports, and without evidence to the contrary, will generate revenue of $7.560 Billion, but since we're talking Aussie dollars (A$130m of asset value for AGY at Rincon) here... AU$11.340 billion To my way of thinking it's worth "probably [no] more than $30m".
Let us discuss, with a modicum of logic, what AGY's resource at Rincon is worth.
If AGY can't finance and/or make the plant(s) commercially operational, what might the asset(s) that AGY have so far acquired/developed at Rincon be worth on the open market?
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