That is an impressive IRR. As these are modular standalone facilities, you could put one in Japan/Korea and North America, and have a nice ex China recycle chain (could be quite handy given the new protectionist regime coming into the states). Add in the JV with Viridis and you have a cradle to grave supply chain.
Ann: FS DEMONSTRATES PROFITABLE MAGNET REO BUSINESS CASE, page-5
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