AGY 9.76% 3.7¢ argosy minerals limited

General Discussion AGY, page-18275

  1. 3,989 Posts.
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    Oh and you do realise that two of AGY's own business cases for the 10 ktpa expansion CAPEX were estimated at US$215.2m, don't you? This was clearly highlighted in the 2018 PEA. The US$140.9m figure was a "best case" scenario only. Decide for yourself how likely AGY is to achieve a "best case" CAPEX budget, when the 2 ktpa plant was meant to cost ~USD$20m but ended up costing close to double that figure, and that's still excluding the ponds and the ongoing mechanical improvements that are still burning funds.

    Now, take AGY's own US$215.2m business case figure and add 30% inflation (your chosen figure, not mine).

    US$215.2m x 1.3 = USD$279.76m. Low and behold, that's right within my estimate CAPEX range as well.
 
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