@kimho22
As above, you need to be careful with Li2O vs Li2CO3 vs Li.
"2% spod" contains 2% Li2O
Your example:
"Resource up to 724,000t of Li2CO3 equal to 712 Millions tons of 0.8-1.2% of the other companies declared in ASX"
724,000t of Li2CO3 = about 136,000t of Li metal
136,000t of Li metal = about 293,000t Li2O
If that is a spod resource with 1% Li2O, then the resource is about 29.3Mt spod
Your example of a 16.2Mt spod resource, if we assume the avg grade is 1% Li2O and therefore contains 162kt Li2O, would equate to about 400,000t Li2CO3.
AGY's current resource of about 245kt LCE is equivalent to a 1% spod resource of about 9.9Mt.
NOTE: recoveries etc vary between these types of operations, but these figures can be used as a rough guide imo.
The key point imo is that Pablo estimates we can extract about 10ktpa for 16 years, AND we are expecting to double or triple the resource estimate through deeper exploration, allowing for increased mine life and/or increased annual production capacity.
Our current production target is 12ktpa; run some basic revenue/margin estimates on that and you will see that we will have PLENTY of $$ (and time) to increase our resource base (deeper and/or broader) as and when required!!
Imagine what happens if/when we push it out to 22ktpa. In round numbers, a doubling of our resource would enable this production for almost 15 years. Do some maths - even rough maths - and you will note the upside is massive ...IMO!
Here's a handy conversion chart you might want to save somewhere for future reference:
Hope that helps.
Please double check - happy to be corrected !
Cheers
GCar
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