It is very unclear if Magnis chasing the Gigadream's is a smart move, there are no financial studies completed to see if the planned Gigafactories will even be competitive with the big boys,
Yes Magnis has been the forefront of chemical free purification, wouldn't you think it would be a smart move for MNS management to test this purification process on other companies graphite? If it could be used across a range of graphite's it would not only benefit the company with royalties / licenses fees, it would benefit the environment.
Yes I can hear the drums, I suspect the next CR will not be far away, MNS will need funds to pay C4V, then the expensive task of commissioning the first 1Gw in NY, money for the 1,000+ staff to run the plant, funding the other 2Gw, the list goes on.
MNS Price at posting:
37.0¢ Sentiment: None Disclosure: Not Held
(20min delay)