Last FY they had $6.7m in revenue with margin of 33%. This...

  1. 42 Posts.
    lightbulb Created with Sketch. 17
    Last FY they had $6.7m in revenue with margin of 33%. This quarter alone they had $2.45m revenue at 70% margin. So they're definitely moving in the right direction. Even if the MinRes JV and LFP stuff doesn't work out, the recycling business looks like becoming a good business on its own, and hopefully will provide downside protection.
    I just wish they bargained for a 51/49 split with MinRes for LieNa because I don't trust Chris at all.
 
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