AGY 2.17% 9.0¢ argosy minerals limited

Yeah, it is awesome, but this approval has been touted as the...

  1. 2,412 Posts.
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    Yeah, it is awesome, but this approval has been touted as the one that will derisk and unlock the whole development.

    I just refreshed my screen, it is still at $0.14c.

    Let's see where it ends up today, in the absence of more news like an off take or funding partner. And then let's see where it is next week.

    I say this because we know the process is still months away at a minimum from being of a commercial quantity, or continuous state.

    And let me be clear here, commercial quantity is NOW 12,000TPA / 52 weeks, or 230 tonnes per week.

    And continuous production is the ability to produce 230+ tonnes per week, every week, and I say "230+" because there will need to be downtime for things like maintenance and other potential outages.

    As per the company announcement, they have produced a total of 81T in the entirety of scaling the process that has been ongoing for over a year.
    Last edited by thecrabpest: 24/04/24
 
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