20 tpa have been the target to break-even since 2019. They extended their workforce, but the break-even goal remains the same. In one of the research reports provided earlier this year this number was in the range of about 30-40 tpa. time will tell...
Anyways even 20 tpa (revenue of around 4 m) would be probably not enough to move the needle dramatically. A cooperation with a big oil company in regards to the cavitation process or with a big cement company can change that. In principle they are currently bound to Sri Lanka vein graphite supply which is probably capped in the low single digit thousand tpa, the question here is - is this enough to get a big cement corp interested?!
The cavitation process seems to be the key to really huge volumes but yet it has to be proven that the metrics matches the market demand.
Cheers
Ann: AGM Chairman's Address & CEO Presentation, page-6
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Last
5.3¢ |
Change
-0.001(1.85%) |
Mkt cap ! $34.94M | |||
| Open | High | Low | Value | Volume |
| 5.3¢ | 5.3¢ | 5.2¢ | $13.35K | 254.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 194671 | 5.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.4¢ | 176380 | 3 |
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| Last trade - 15.46pm 12/07/2024 (20 minute delay) ? |
| FGR (ASX) Chart |