Q&A with ECT, page-17

And for a late entry question:
Q: Based on production numbers and testing.
Using our technology, how much money potentially can our technology save our partners in the tripartite agreement? Are they aware of those numbers and are they excited by it?

A: This is precisely what the TEF is intended to clearly lay out, by developing a study at significant scale (500,000 tpa billet steel - not large by steel industry standards, but big enough to be commercial). Are they excited? Yes, otherwise we wouldn't be doing this with them. What we're doing via the TEF is turning that indicative potential which allowed us to commence engagement, and providing a numbers based projection which quantifies the opportunity. This is what Boards need to commit funding to development programs, and ticks an administration / due diligence box.