5EA set to skyrocket, page-431

Tyson Hall's comments in the Investor Briefing Webcast of October 3, 2022, which began at 10:00 into the presentation were as follows:

"The focus of the operations organisation here at 5E is really our small scale boron facility.That's for 2 reasons. So, these customers that Dino has been signing up, these LOI's that we now have in hand, we owe those customers actual material, qualification samples, and a small scale facility will provide that.In addition, over the coming years, we''re going to be building a very large, significant, commercial facility, and we need operational data to really optimise that.Tyson makes the following remarks at 10:47:"So with that said, I'd like to add a bit more colour around what we mean when we say small scale. There's a reason we don't call this facility a pilot plant, it really is a bit more than that. Just to give you some idea of the scale of what we're currently constucting on site, our small scale facilty consists of 339 pieices of equip, 22,000 feet of pipe, several football fields in terms of footprint and it's 4 production wells. So it is still substantial."

A more quantitative metric was provided in the Oracle Capital Research Note for American Pacific Borates (ASX:ABR) published 13 January 2022, which they gave as 5ktpa:



The valuation summary Oracle Capital calculated over the 3 stages was as follows:


It looks like we're going to be in production by Q1/Q2 CY2023, so should be a little ahead of the above projection.

Hope that helps.