Smith71,
Let’s start with your key point.
I don’t have access to hydrogeological modelling of the salar, so don’t know how exactly Rio’s eventual operations might impact our resource.
The short answer is: I don’t know.
But…. Have a look at other salars, like where Livent operate and have done for many years, and their neighbours (eg GLN and AKE) are still turning up huge and high-quality resources. Afaict, IF Rio came in and punched in a bunch of production wells right alongside our tenement boundaries, this could have a material impact on our resource, but I don’t expect this to happen and I am not expecting our resource to be significantly impacted by them, considering the proximity and expanse of the salar and their tenements.
Also, I can’t see Rio building out a massive operation there any time soon. Iirc they recently stated they were reevaluating their plans/timing associated with their 3ktpa starter plant. Even if they build say a 50ktpa plant this decade, the drawdown on “their” part of the overall salar resource should have little to no impact on us for a considerable time, imo. Unless they lined our boundary with wells, which I highly doubt they would.
JZ is a geo and would be the best source to clarify if you are geneuinely concerned/interested, imo!
I expect that he and Pablo have discussed this at length.
Cheers
- Forums
- ASX - By Stock
- AGY
- General Discussion AGY
General Discussion AGY, page-15911
-
- There are more pages in this discussion • 7,723 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AGY (ASX) to my watchlist
|
|||||
Last
4.0¢ |
Change
-0.002(4.76%) |
Mkt cap ! $58.23M |
Open | High | Low | Value | Volume |
4.1¢ | 4.2¢ | 4.0¢ | $44.44K | 1.085M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 1432055 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.1¢ | 16860 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 1431305 | 0.040 |
12 | 3313761 | 0.039 |
15 | 806270 | 0.038 |
10 | 916018 | 0.037 |
5 | 477360 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 16860 | 1 |
0.042 | 127034 | 1 |
0.043 | 120000 | 1 |
0.044 | 357711 | 2 |
0.045 | 108139 | 2 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
Featured News
AGY (ASX) Chart |