It is using new technology to allow the extraction of precious metals from e-waste, the secondary revenue streams from normal ewaste management are secondary. To dismiss it as the same business that is relisting is incorrect.
The fact that they raised greater than the $10m they were looking raise in the pre IPO offer including a $5m investment from a single investor & $4m from another speaks volumes about the potential.
EPS from a single plant is expected to be 4c on an IPO price of 20c makes this a very attractive IPO. 2nd plant planned H2 21 & have at least 6 in Australia by end of 2022. EPS on 6 plants in excess of 24c, you do the maths.
