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7.50%

7.4¢ argosy minerals limited

Li-related News/Articles/Reports, page-641

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TheGekko

2,555 Posts.

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26/10/21

14:05

Post #: 57080883
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Originally posted by asxDragonslayer: ↑

It was always commercially viable and now @ $30k per T USD even more so. It's not a coincidence that rock peers get finance without proof of process because digging up rocks isn't a speciality and they aren't producing end product that needs validation as Technical or BG. Brine chemical processors though no one is getting finance from resource only because they not only have to prove a process but also the product.

I'll go out on a limb and say no one is going to provide millions of dollars to a BRINE processor startup without some sort of process and product quality verification from their OWN business processes. No one wants another DE money fire pit that was Rincon.

imho dyor

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Mate, a 245k resource won't provide the 20 year production timeframe to attract investment, UNLESS you are producing 2k a year. One has to take into account extraction and production losses to generate a reserve number. Oh I forgot, AGY hasn't completed a DFS and defined a reserve. Have a look at all the big resources and see what their reserve numbers are. They are a fraction of their resource number. To think Rincon is different is absurd.

AGY Price at posting: 29.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 7.4¢		Change -0.006(7.50%)		Mkt cap ! $107.7M

Open	High	Low	Value	Volume
8.0¢	8.1¢	7.4¢	$360.5K	4.705M

Buyers (Bids)

No.	Vol.	Price($)
3	89403	7.4¢

Sellers (Offers)

Price($)	Vol.	No.
7.5¢	189231	2

View Market Depth

No.	Vol.	Price($)
3	89403	0.074
2	113698	0.073
5	450000	0.072
7	348054	0.071
14	649597	0.070

Price($)	Vol.	No.
0.075	189231	2
0.076	1000000	3
0.077	802800	3
0.078	400000	2
0.079	157590	3

Last trade - 16.10pm 25/06/2024 (20 minute delay)

AGY (ASX) Chart