Ann: Rincon Lithium Project - Maiden JORC Mineral Resource, page-265

Well that was interesting night. Just be-aware that last time we had posters come over they were deliberately doing it as they wanted us to respond on their thread as they were trying to get the thread count up as no one is paying an interest to them so I have deliberately not gone there and as @Slavvy said..I dont really care either




One thing this has really cemented for me though is how far ahead we really are. We will be producing and selling soon which when comparing the timeline for others they at least 2 years before they even start initialising construction of ponds etc and therefore at least 3-4 years before they come online and its the 1st producers who will get all the good deals. That's a huge difference in timing and shows why AGY's fast track approach has been justified.

Also I'm not a chemist or company valuer so can't comment on flow rates, how much brine it takes to produce LCE etc....but even blind freddy can do some back of envelope very rough conservative revenue and profit estimates. Taking a very conservative approach lets assume BG LCE selling for USD$15,000 tonne and AGY's costs say USD$5,000 tonne so profit USD$10,000 tonne. Assume exchange rate AUDUSD 0.74.

Stage 1 + 2 - 2,000 tonnes x USD$10,000 = USD$20m or approx AUD$27m per year
Stage 1 + 2 hinted - 2,5000 tonnes x USD$10,000 = USD$25m or approx AUD$34m per year
Stage 3 - 10,000 tonnes x USD$10,000 = USD$100m or approx AUD$135m per year
Stage 3 - 15,000 tonnes x USD$10,000 = $USD$150m or approx AUD$202m per year

Now I realise these are just very high end rough numbers but I also think they are quite conservative given the current BG LCE price is much higher and the costs I have assumed are probably high too but they really do start to give you a feel for big this company could be.