When they finally get the go ahead for the 10k expansion they...

When they finally get the go ahead for the 10k expansion they will need funding for that expansion. (300-400-500 million???).
- They raised $30m to more than cover the current 2ktpa plant and ponds for the next stage are partially built. $300m+ is out of the ballpark.

There is every chance that we will end up with an off-take partner that owns 15-25% of AGY.
- Funding by prepayment and without dilution is the objective so no chance of 15-25% ownership of Puna Mining, let alone Argosy Minerals.

I think that's what the increase of the extra 10% of issued shares is all about.
- Nope, it's just a provision that may or may not be necessary, but handy to have up the sleeve.

If this happens how will the market rate it???
- That point is entirely moot and not even worth mooting.