What’s clear is that we’re gearing up to building commercial plants. Andrew Cornejo was doing the ground work for this back in 2009 so it’s been a long road with many hurdles however we’re very much on the home stretch.
The FEED allows for the CAPEX to be defined with some certainty which in turn allows potential suitors to make an informed decision on the technology’s profitability. At the conclusion of these studies I’m expecting to see Hazer signing up a few new partners to move forward in true scale applications. 100ktpa graphite plus is where I think we’ll be targeting. Sure we’ve got the demo on the way as a stepping stone but this has always been about getting to meaningful scale.
The graphite market is around 2,200ktpa currently and there’s very little standing in the way of Hazer taking a substantial chunk of this over the next 5 years.
At 100ktpa and the lower end of graphite pricing at around $1000/t AU that’s around $100m graphite revenue. At the higher end $10,000/t it’s a $1b graphite revenue per 100ktpa plant. While still a while away from true scale this is where we can realistically hope to be in the next few years and in an industry that’s growing at a significant rate.
HZR Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
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