Ann: Altech - HPA Market Update Lithium-ion Battery Sector, page-13

Yes agree.
PFS is just that - before feasible!
HEG already backing away from their proposed 8000TPA plant, in favour of first building a 1000TPA demonstration scale plant.
Think of the position of strength ATC will be in when producing >4500TPA with a HPA purity >99.99%.
Our 4N HPA will receive the premium price.
Banks and industry will be queuing up to lend money and partner to build 2^nd,3^rd and 4^th cookie cutter clone plants.
More German export credit finance for subsequent plants approved quickly.
ATC a prime takeover target once SMS hand over the keys.
AAA+ … tick.
Wish I had cash for more now. Will have in late January but think the SP will be over 25C by then.