Plans to have an incremental 30ktpa production by 2025 and reach 150ktpa of total production capacity in NA by 2030!
Of concern is Total available funding + US$80,061,000 which at current expenditure is 6.3 quarters which will take us to Qtr4 next year. However, they still appear optimistic suggesting they see either significantly increased revenue (probably pre-payment from customers) between now and then and/or believe it likely they will receive the DoE loan.
I think the BoD have been quite busy putting all the required pieces into place. I look forward to seeing an update on the DoE loan - currently progressing towards Stage 3: formal due diligence.
NVX Price at posting:
93.5¢ Sentiment: Buy Disclosure: Held
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