Goldman Sachs predicting lithium falling to 16000 by 2023 this is causing lithium stocks to crash. Its only 7 months away.
Pre- Correction Profit forecast
June 2022 to December 2022
1000 tons or 6 months pro rata production before correction.
Revenue 90 million
Project profit estimate $54 million EBITDA margin 61%
70% Argosy $37 million
After tax profit $27 million. half year
Post Correction Profit forecast
Jan 2023 to June 2023
1000 tons production
Revenue $16 million
Profit 9.6 million EBITDA margin 61%
70% Argosy $6 million
After tax profit $4.2 million
Expected full year profit year ending 2023 $32 million
https://www.argosyminerals.com.au/sites/default/files/presentation_file/agy-asx-20181130-pea-nov2018.pdf
https://unauthorised investment advice/resources/goldman-sachs-says-battery-metal-bull-market-is-over-at-least-until-2024/
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