General Discussion AGY, page-21382

I agree with you about looking ahead mate. It just needs to be done with some reasonable analysis of where the money comes from to fund those expansions. A $3-5b market cap needs at least the 25 ktpa operation to get there, and that requires around A$1b CAPEX, almost five times AGY's current market cap. So I'm just looking for a compelling reason for how AGY reaches that point without massive dilution.

To add context, LAAC are currently ramping up their 40 ktpa operation at Cauchari-Olaroz, and they have a market cap of US$800m (A$1.225b). I'm keen to understand how AGY, with no funding arrangement in place for their 10 ktpa expansion, can be expected to triple the market cap of an operation in the same country that is almost four times the size, and is already funded, constructed and ramping up.