Thanks, that's why i was asking if I had it correct, as I have...

Thanks, that's why i was asking if I had it correct, as I have only looked at them quickly.

I know they're not perfect comparisons, but I couldn't think of better ones.

Just on those revenue figures, $38m of revenue from 1500 tonnes requires a price of $25k/t. Have AGY locked in an offtake at this price, or is it assumed they will sell straight into the Chinese spot market? That's the only place you'll get near that price and I'd be very interested in the shopping costs needed to compare that with a FOB price from Argentina.

@vmp ha! To be fair, I always said it was going to take off once P1 has proved itself. I think this supports the view that the most aggressive price action we will see is between P1 becoming operational and P2 starting construction.

Now we just have to figure out where it will be before starting production.....