23-28% "Operating Margins" Not gross margins.To be sure there is...

23-28% "Operating Margins" Not gross margins.

To be sure there is a lot left to the imagination in this projection. First, it is just a projection. Second, the range of 7-10 dollars per KG is a wide range for sales price and below what the market expects for that time frame. Third, "Riverside Operating Margins" Just what EXACTLY are they targeting? Does the operating margins include as an expense the entire NVX anode division apportioned cost to run the business from CEO and Board to marketing, advertising, etc.? Also how long are they depreciating the CAPEX and how much of that cost is CAPEX depreciation? How much is financing costs? How much is labor, energy, feedstocks? What % of capacity do they expect to be running at and how long will they take to achieve maximum run-rate?

I like this announcement, but it leaves a lot more questions than it answers.

I'd have preferred them announcing a gross margin target number to the operating margin number.

At any rate, my conviction is unchanged. Full speed ahead!