The first fundamental difference is that AGY is not a hardrock miner, we are brine processing so straight away it is better to look at us in comparison to other Brine producers for a number of reasons;
- Cost of production is much less for brine
- Brine is Ethically and Environmentally appropriate
- Time to production is different
- Hardrock is Mining, Brine is Chemical Process extraction
- Hardrock make concentrate ~ 6%. AGY Brine plan to make ~ 99.5% LCE Battery Grade.
Brine development does generally takes longer but have a longer lifespan and continue to operate profitably during market downturns. AGY are rapidly progressing the stages to prove concept at scale. Between 10,000 - 15,000tpa of Battery Grade LCE is the figures most are working off for Stage 3. It is a substantial amount and I think the funding partner, prepayment offtakes, and the many hundreds of percent in SP appreciation prove that
If you are genuinely interested, take a good look at AGY. I think you will find that the Management, Projects, Funding, Future propects in China and fundamentals as a whole will show you that AGY really is one of those magical stocks that come around very rarely.
AGY Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
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