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12.3¢ argosy minerals limited

happy to be corrected but I think it was approx USD150 to 160...

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perer66

190 Posts.

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24/08/22

12:40

Post #: 63292674
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Originally posted by SebTaylor: ↑

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

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happy to be corrected but I think it was approx USD150 to 160 mill to expand to 12000 Tpa.

AGY Price at posting: 38.5¢ Sentiment: Buy Disclosure: Held
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Last 12.3¢		Change 0.003(2.08%)		Mkt cap ! $178.3M

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