AGY 0.00% 3.5¢ argosy minerals limited

Ann: Rincon Project Drilling Update, page-78

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 539 Posts.
    lightbulb Created with Sketch. 50
    Rincon @ 7 - 8 : 1 Mg/Li is borderline economic and especially when paired with the relatively lower Li concentrations and high SO4 content.

    Any easy way to look at how these results stack up is if you do a comparison to the other producing/advanced stage brines out there. Rincon impurity levels are high especially given the other projects are compensated with essentially double the concentrations of Li.

    Li mg/l = 3Q 716, Sal de Vida 810, Olaroz 625, Atacama 1,835, Maricunga 1,248, Fenix 787

    Mg/Li = 3Q 2, Sal de Vida 2.4, Olaroz 2.4, Atacama 6.4, Maricunga 6.6, Fenix 1.4

    Then add in the outrageously high SO4/Li ratios of 55 - 70 : 1 (which management conveniently chose to stay quiet on) and you are looking at an asset which is sitting at the bottom of the rankings and far far higher up the cost curve.

    SO4/Li = 3Q 0.5, Sal de Vida 12, Olaroz 29, Atacama 11, Maricunga 0.5, Fenix 14

    Lower Li concentrations, Higher Mg/Li ratios, Higher SO4/Li ratios7
    Last edited by tongaface: 14/02/18
 
watchlist Created with Sketch. Add AGY (ASX) to my watchlist
(20min delay)
Last
3.5¢
Change
0.000(0.00%)
Mkt cap ! $50.95M
Open High Low Value Volume
3.5¢ 3.6¢ 3.5¢ $21.90K 625.2K

Buyers (Bids)

No. Vol. Price($)
8 827060 3.5¢
 

Sellers (Offers)

Price($) Vol. No.
3.6¢ 914756 8
View Market Depth
Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
AGY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.