@PoohbearHow much do you spend? I'd say a sufficient amount for...

@Poohbear

How much do you spend? I'd say a sufficient amount for achieving consistent production in line with their stated goals, as detailed in the reports (exemplified by a snippet from the quarterly report of September 2018 - see below).

What adds irony to the situation is the potential application of the same logic to the 2 ktpa plant. Despite being characterised as pilot scale by JZ and having also produced BG carbonate, it currently also appears to be a "bottomless pit". Should AGY consider abandoning the 2 ktpa plant, preserving capital and focusing solely on advancing the 10 ktpa operation, just because it too has produced BG carbonate?

Another noteworthy irony is that had AGY attained nameplate capacity (500 ktpa) for the Stage 1 plant, it would have generated more cash flow in the past 12 months than what the Stage 2 plant (2 ktpa) is projected to achieve in the next 12 months. Far from being a "bottomless pit," achieving Stage 1 nameplate capacity and selling at high market prices during the peak could have yielded valuable capital for future expansions, potentially generating approximately $30 million over a 12-month period alone.