AGY 0.00% 3.8¢ argosy minerals limited

Ann: Rincon Lithium Project Update, page-130

  1. 6,187 Posts.
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    PS
    The pilot plant had the same hicups. Most of you haven't been around here long enough to remember there wasn't enough gas pressure so they were unable to apply enough heat to the production process but they sorted it. Now we have a 2000 tonne production plant and they need to fix the filtration to increase production and they will get that sorted too. Also, regarding offtake, it is of zero value at this point in time. Unlike the razzamatazz of companies that spruik meaningless offtakes and MOU's JZ has consistently said they will sell at spot price if need be and are in negotiations with offtake partners. (We already had an offtake deal penned years ago with Mitsubishi and I'm sure many other suitors showed interest too but it's what also suits AGY best). With the current spot price low and no doubt will rise it makes sense to stockpile the BG which has a shelf life of 3 years but there are probably other reasons for this such as having stock to be able to meet suppliers needs as required. How many tonnes next month?
    Last edited by givemethecash: 05/09/23
 
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