Looking through the annual report (will quote references later)...

Looking through the annual report (will quote references later) it looks very much like all that SLX have done currently is to produce "gram quantities" of ZS Si (now called Q Si) from the "prototype" system currently at Lucas heights. It would appear that they now need ~A$16m ($5.1m grant - A$11.9m to find) and will take 3.5 years to construct a "commercial production" plant (TRL/6) to produce between 5kg to 10kg of Q Si (or ZS Si) per year. As i see it this means that that revenue stream now goes out to early 2028 (to date I have assumed that this revenue stream start now). It also appear that MIST is only a lab prototype which (hopefully) will be at the same stage of development at the end of CY/23 - so I assume that commercial quantities of Yb176 will also take 3.5 years to hit the bottom line (and also presumably ~$16m capex).

A bit disappointing! - will have to change my spreadsheet.

Also appear that the default license payments for cREO will run out in 2024 - still to be seen if IQE ever exploit is and we get royalty revenue.