E3Sixty Limited Pre-IPO Offer - Precious Metals Extraction from E-waste, page-244

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    From AGM
    -2nd shipment of processed waste shipped this week.
    -Only waste company invited to critical minerals summit by NSW government
    -Power limitation at Vilawood delayed scale up, being upgraded.
    -Positioning as number 1 e-waste processor in country.
    -Southern Sydney site awaiting final permits before startup
    -Looking at additional sites with permits in place to expand across Australia
    -10 tonnes a day has been processed through stage 1
    -conveyor feed being introduced to automate/increase processing (currently fed via forklift)
    -moving to 2 full shifts a day
    -$750k pm overheads, $35k revenue required a day to reach operational BE
    - strategic plan short term get all existing sites up & running, then expand across Australia. Long term plan replicate overseas, in early stage discussions with 3rd parties overseas.
    -Looking to achieve track record of profitability before looking at IPO / trade sale etc rather than setting fixed target date.

    That's all I scribbled down during the meeting if anyone has anything else.
    From the revenue quoted from different types of materials per tonne etc I got the impression from the meeting that operational breakeven will be achieved fairly soon on ramp up.
    That together with the comments on an IPO target & I wouldn't be expecting any work on an IPO any earlier than the end of next year
 
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