Hi Captain,firstly I've got to say thank you for all the...

Hi Captain,

firstly I've got to say thank you for all the research that you share.

With regards to Mr Grigor/Far East's commentary, it's obviously very positive and I hope we see more of it. However I believe that some of the numbers presented are wrong. They state if Anteotech provide 1 litre per vehicle at a cost of $300 per vehicle, multiplied by 3 million EV's would result in $900 million p.a. to supply AnteoX. They also state that the cost to make AnteoX would be circa $200 per litre and approximately $100 assumed as profit, resulting in $600 million p.a. operating margin. I believe based on those assumptions the operating margin should be $300 million p.a NOT $600 million p.a.

I prefer to refer to Anteotech's numbers present by Manuel where a recent case study indicated a 59% reduction in the cost of the EV company's anode from US $993 to $404 (AUD $1,476 to $600). I don't know if the supply of AnteoX would represent 50% of the cost of the anode (AUD $300). .....but when its use contribute to a saving of $589 per anode - maybe AnteoX is worth $300 per anode.

Possibly Anteotech can let us know how much the use of AnteoX in the case study effected the dollar cost per kilowatt hour/pkh.