Hi Spid,
I believe RNU and some of or other peers are using more optimistic pricing, which actually is highly likely to be achieved when we consider:
* Double digit year on year demand growth most likely commencing from 2022, depending on how fast all the current battery production lines that are under construction come online.
* China running out of Graphite with enough quality for LiB usage which means they will have to import greater tonnages = their input cost goes up
* Their current supply dominance will diminish, considering every major Car Manufacture outside of China is aiming for greater self reliance which includes Anodes procurements from domestic/ non China suppliers
* The customers that will remain using China stock will still start to demand more transparent and environmentally friendly products = cost will go up
Taking all the above into consideration there is a high probability that an RNU sale price of USD $4,312 (even higher for high quality products) is a real possibility, which will mean EGR will be a very profitable operation...I am almost convinced that we will have 2 * 20ktpa plants fully operational by 2024 (AUS & GER) and the 3rd one well on it's way (US) as I am convinced that everything will move at a much faster pace going forward as per my reasoning's in one of my previous posts.
So if we take an additional US$1100 per ton * 40ktpa = an additional US$44million Net Profit per year (Less Tax)
I better not share my valuation outcome using those figures...
I am very much looking forward to the next announcements re Anode Recycling and if they can share any figures.
That's what I like about EGR, profitable business using very conservative figures, huge upside if things go as predicted by almost all experts now.
All IMO
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Last
12.0¢ |
Change
0.015(14.3%) |
Mkt cap ! $54.48M |
Open | High | Low | Value | Volume |
11.0¢ | 12.0¢ | 10.5¢ | $85.61K | 760.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.0¢ | 24094 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.115 |
1 | 38416 | 0.110 |
5 | 166944 | 0.100 |
2 | 15204 | 0.098 |
1 | 10000 | 0.097 |
Price($) | Vol. | No. |
---|---|---|
0.120 | 24094 | 2 |
0.130 | 35000 | 2 |
0.140 | 100000 | 1 |
0.145 | 45198 | 3 |
0.150 | 1161 | 1 |
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