AGY 1.92% 12.8¢ argosy minerals limited

Just wondering if the company has provided any indication as to...

  1. 1,066 Posts.
    lightbulb Created with Sketch. 813
    Just wondering if the company has provided any indication as to what it may cost for the 10,000 tpa expansion?

    Also it seems like our cash position is in good shape - with the 2,000 tpa build expecting to cost $20m USD ($28m AUD?) and we have paid out $16m AUD already. The company states work is on budget so that should mean maybe $12m AUD to go ....

    So with $36m AUD currently that would leave $24m AUD left after competing construction.
    Then say allow a whole quarter of production costs at say $8,000 USD a tonne (500*8000/.7) or about $6AUDm before any sales receipts come in just to be safe, ... the company would still have around $18m to play with and support the 10k expansion (or $24m once receipts come in)

    Of course producing 1,560 tpa at say a margin of $40,000 USD (based on a lithium price of $48,000pt) over the next two year could produce cashflow of around $120m USD (or $170m AUD), as well, and only a portion of this would be required for funding the 10k expansion.

    To me seems like the company is in very good shape
 
watchlist Created with Sketch. Add AGY (ASX) to my watchlist
(20min delay)
Last
12.8¢
Change
-0.003(1.92%)
Mkt cap ! $179.0M
Open High Low Value Volume
13.0¢ 13.5¢ 12.8¢ $197.8K 1.513M

Buyers (Bids)

No. Vol. Price($)
25 797925 12.5¢
 

Sellers (Offers)

Price($) Vol. No.
13.0¢ 140145 12
View Market Depth
Last trade - 14.27pm 15/05/2024 (20 minute delay) ?
Last
13.0¢
  Change
-0.003 ( 4.00 %)
Open High Low Volume
13.0¢ 13.5¢ 13.0¢ 662465
Last updated 14.32pm 15/05/2024 ?
AGY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.