AGY will not receive sales funds rather a share of profit according to the project stages. AGYs primary role under the JV from memory was to provide the capital to build a commercial scale plant and the plan was developed on that arrangement. It can't be revenue as it wouldnt be fair. Puna would go broke. We'd get 90% of revenue with almost no overheads Puna 10% with all overheads.
Puna owns everything in ARG as do we indirectly.
AGY own Tonopah so technically we could develop it with another partner in the USA if we choose. We could use our IP but with a differennt entity than Puna. It may not pay to put all our eggs in one basket.
Don't think people have considered the value of our JV arrangement and the flexibility it gives us.
No need to worry your brains about the 20T sales revenue thru Puna no profit yet.
AGY will not receive sales funds rather a share of profit...
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