Yep it's terrible - $100m+ US to earn at your estimated best case scenario $27m. That's on a cash basis also so actual profit will be much lower, and in reality you might only earn $4m revenue if you only get low value batteries. NMT haven't secured any feedstock yet so it's anyone's guess.
very concerning for me is the potential of another $100m required for the hydro plant at the backend and another $1500+ per tonne on the operating costs. It's not boding well thus far, I suspect the other established chemical companies in Germany progressing their hydro plants will win out cost wise.
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