Investment Case for First Graphene, page-11

Hi ArtTar,

All of the companies are battery or hydrogen-related, IMO these other companies have higher MC due to the communication to shareholders/investors, they understand the company's business plan.

NVX - $931 Mil - has a pilot synthetic graphite plant 500 -1000tpa = $4mil to 8mil likely revenue
TLG - $503 Mil - has plans for a production facility. all major shareholders have jumped ship.
EGR - $332 Mil - Just raised $50mil to build stage one production facilities - 5000tpa = US ~$7.5mil revenue, construction time 12 months.
VUL - $ 752 Mil - Stage of development feasibility studies
HZR - $ 227 Mil - Building pilot plant @whatsmadoovie what are the CAPEX and likely revenues?

FGR - $159mil, is the only company from this list that has a commercial production facility and can offer revenues now not in years to come. FGR has plans for European expansion, by memory, the 100t facility takes around 6-9 months from investment decision to successful commissioning.
CAPEX ~$5mil including automation.
Henderson Capacity 100 tpa x $150k per T of Graphene sold = $15mil pa.

Then we have our other IP's that are mentioned above.

We all know that we are at the start of the growth curve with graphene, the market has valued its peers significantly higher based on future revenues, The only explanation I have for FGR being stuck at $150mil MC is the poor communication to investors.



@tylermax.

The QTR report provided the following comment


I have assumed the Principal is Rio Tinto due to Warwick's Investor videos detailing they have installed the liners, the only other option is the manufacture of the masterbatch, I highly doubt NewGen will be holding back news, they have always been willing to provide prompt updates.