I wouldn't pay too much attention to the Argonaut info. Their 2017 DyO US$400/Kg forecast lost them all credibility. I mean seriously people, it isn't even half that ATM lol.
Only need to look at the companies DFS and the fantasy REO prices used to asses the business plans viability to understand just how unviable the business plan really was and still is. The R&D project is simply a 10% scale version of the one outlined in the DFS.
If I recall the DFS was using a DyO price around $US600/kg. I remember having many discussions with passionate share holders about how ridiculous the DFS numbers were. None of them are around anymore, probably too embarrassed lol.
Looks like another dreamer has taken their place now though. Not to worry, some people just like to learn the hard way.
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