MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: New York Gigafactory Progress, page-121

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  1. 16,476 Posts.
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    Hi Trommel,

    I am basing this calculation on Magnis announcements. They have clearly stated it is expected to cost US$130Mil for 3GWh, which is $53Mil per GWh.
    The $130 Mil has been stated in 2 announcements.

    Unless Magnis purchase more second hand equipment, or provide a update figure to the market you cannot claim anything different,
    $53Mil per GWh is much better than the figure T2T is quoting for the 1GWh of second hand equipment being worth $100Mil.

    If you have a issue with the expected costs with ramping up production to 3GWh, my suggestion is to ask MNS to update their figures in a company announcements.
 
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