AGY

4.82%

8.7¢ argosy minerals limited

Link to the 2016 Salar Del Rincon DFS:...

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Completionist

17 Posts.

21

14/06/18

12:13

Post #: 33706663
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Originally posted by Completionist ↑

OK gentlemen, we know AGY can make Industrial Grade, which is only 8% off the Battery Grade Price. We understand that it's a known refinement to get it to Battery Grade. No sweat either way, it's all good. The main question about whether this project will soar or not is if they have enough LCE. To me it's a no-brainier. Whether its 20% or 100% of the brine that can be extracted from the ground makes little difference, when we’re only taking 10kT per annum. Why? Because we will be sucking out a tiny amount pa of the enormous resource of 1.2 million tonnes of LCE at Salar Del Rincon (which is 25% of the inferred resources of 4.8 Million tonnes of LCE at Rincon). How do we know this? It was determined as recently as in 2016 (attached) in a DFS (which btw, are accurate to between 10% to 15%). Which means that the life of the mine is 24 years or 120 years (at 20% or 100% of the reserve at a rate of 10kT pa). We need a JORC with the name ‘AGY’ at the top to get the offtake agreement. They embarked on an accelerated project because they already knew the outcome and now so do we. So relax, as we have been advised by AGY Management before, it’s a matter of when, not if.

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Link to the 2016 Salar Del Rincon DFS:
http://m.marketwired.com/press-release/enirgi-group-announces-positive-results-definitive-feasibility-study-salar-del-rincon-2140673.ht

Last edited by Completionist: 14/06/18

AGY Price at posting: 22.5¢ Sentiment: Hold Disclosure: Held
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Last 8.7¢		Change 0.004(4.82%)		Mkt cap ! $126.6M

Open	High	Low	Value	Volume
8.6¢	9.0¢	8.5¢	$158K	1.806M

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No.	Vol.	Price($)
1	19999	8.7¢

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Price($)	Vol.	No.
8.9¢	3482	1

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No.	Vol.	Price($)
1	19999	0.087
3	107737	0.086
2	128243	0.085
1	40000	0.084
4	249241	0.083

Price($)	Vol.	No.
0.089	3482	1
0.090	579951	3
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0.093	56404	1
0.094	109034	2

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