I have been accumulating since 2016 and I am not distracted from...

I have been accumulating since 2016 and I am not distracted from the fundamentals by the fluctuations in share price.
I readily accept that issues and delays occur, and recognise that plans, opportunities and circumstances change along the pathway of development.

When will AGY “come good again”…?
That’s anyone’s guess; imo the major catalyst required is a funding solution for the expansion.
Only time will tell what that looks like and when it happens.
In the meantime, I wait….and I don’t buy into the sky is falling narrative. We’ll see.



Mid 2017:

- <$4M cash
- includes circa $3.2M raised via recent placement and spp at 7.3c
- MRE: yet to be established
- tenements: 1289 ha
- no permits for onsite plant operations (targeting a 1000-1500 tpa plant at that time)
- industrial-scale pilot plant (off site) yet to be constructed, warehouse site secured
- no carbonate produced
- 1.25 ha ponds constructed
- Li2CO3 FOB SA circa $12k/t iirc
- AGY sp: circa 8c
- AGY market cap: circa $60M
- next key steps: construction of off-site industrial-scale pilot plant; process brine, demonstrate process via Li2CO3 production


Late 2020:

- circa $3M cash
- MRE: 245kt, indicating potential for 10ktpa for 16.5 years production
- tenements: 2794 ha
- no expansion permits for operations beyond 2ktpa
- 2ktpa plant yet to be funded; construction yet to begin
- circa 30t carbonate produced from off-site industrial-scale pilot plant
- 38 ha ponds constructed
- Li2CO3 CIF North Asia <$7k/t
- AGY sp: circa 7-8c
- AGY market cap: circa $75M
- next key steps: secure funding to commence construction of 2ktpa plant
- construction of 10ktpa expansion to commence: absolute best possible case circa 18 months..?

Mid 2024:

- circa $12M cash
- strategic investment by ATL: USD$5M
- MRE: 687kt, indicating potential for 12ktpa for 42 years production, or 24ktpa for 22 years
- tenements: 8606 ha (pending formal granting of 5813 ha)
- expansion permits granted for for 12ktpa operations
- 2ktpa plant built and largely commissioned, market conditions drive pause of refinement and ramp-up
- circa 80t of carbonate stockpiled, produced from 2ktpa plant commissioning works
- 20t of carb from 2ktpa plant sold to Korean customer; also, ATL is performing product testing and qualification
- circa 58 ha of operational evaporation ponds
- Li2CO3 CIF North Asia: circa $12k/t-$13k/t
- AGY sp: circa 4c
- AGY market cap: circa $60M
- next key steps: complete engineering to get 10ktpa expansion to construction-ready status; secure funding to commence construction of 10ktpa expansion
- construction of 10ktpa expansion to commence: absolute best possible case: DYOR



Read those market cap figures again. LOL.

imo
Dyor