Popped over to this stock and saw this thread.
You need to look at the reason behind your investment and what you want to invest in. Personally I want to invest in a battery grade lithium brine producer that can deliver consistant product into an offrake agreement.
The #1 key element for me when investing in brine operations is the company being able to convert their resource (as every resource is different) into a battery ready product specified by an end user at scale. Converting brine to a consistant battery ready product at scale is extremely difficult and not many companies have achieved this.Because of these reasons I went with AGY for my investment as they have proven they can convert their Resource to a battery ready product at scale with a 20 tonne shipment from their pilot plant. Yes it's just a pilot plant to prove it can be done, however AGYs modular approach means they can scale this process upwards to an initial 2ktpa then to 12ktpa for now.LPI resource has been drilled a lot deeper and shows as being much larger as a result. AGY only drilled to 100m to keep operating costs down in the early days however open at depth so AGY will drill a further 200m to show a larger resource and mine life.Estimated conversion costs at 10ktpa is around $4300usd per tonne which fits in with opex from other producers so I am comfortable with this realistic figure.AGY is a lot further along in the story and much more derisked due to proving their chemical process at scale. Also their energy consumption per tonne is excellent and a signed green credential due to using solar from an adjoining solar farm. OEMs will look to AGY as a favorable partner because of these points.AGY for me, due to start producing at commercial scale in the next 10-12 months.Ta.
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