Fundamentals 2024, page-14

$325m MC in 2015, and even back then they were a monster. They had multiple projects and their Olaroz resource was multiple times that of scale to AGY, as well as JV'd with Toyota. Their annual report had 125+ pages so too much to sift through but crazy to think they were only $325m capped.

This alone should give perspective to a producers value.



Highly recommend checking out pages 19/20 in their 2015 annual report here

Look how they address their bottlenecking issues of Olaroz to the market. Absolute class and professionalism. It's a crazy put together document anyway, I would imagine shareholders at the time would have been pleased.