My mistake, thanks for providing the updated info.I am only...

My mistake, thanks for providing the updated info.

I am only interested in HPA, I know A4N is going for a more diversified model, which is fine and they are doing well with that. But the point remains that 10TPA is still not going to be enough for de-risking if Alcoa if requiring at least 100TPA. So it is on that basis I think FYI is more advanced in the HPA front given they are looking to build min 100TPA the demo in 2023 (as per Alcoa's own timelines). Fair to have your own view about timelines, but Alcoa doesn't often miss by such margins as you are expressing (2027).

IMO, DYOR

MJ