IONDRIVE - ASX:ION Emerging Australian Battery Recycling Tech - Peer Comparisons / Industry Progress, page-42

ION define their peers in more than 1 measure

see screenshot below for some peer examples - as defined by ION...


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ION are first proving up a process.... aiming for a pilot plant.... then building from there.

see screenshot below.... for where ION say they are... and where they are aiming for....



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the market is forward looking - hence the ION market cap... leaving room for gains if tech / business potential is met?

ION say / hint that it is the quality of tech that draws the money.... not throughput of "trial/pilot plants"...

see screenshot below that highlights words directly from ION.



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will the pilot plant even do 10 tonne per annum? maybe not even.... and it is not a concern.... nor is the revenue from it

seems it is just a nameplate number / a range.

it is not what the market demands.... nor what funds ION at this early stage.

1kg per hour - 24 hours per day - 365 days per year... is only 8,750kg per year.

even at top rate of $8000USD per tonne... however they want to calculate.... that would only be a very small dollar value.

see screenshot below for ION published number for that "1kg per hour".... it is no secret....



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ION and the market are looking at proving up the tech first - before seeking funds for scaling / engaging clients / OFFTAKE / raw material contracts - if all or any of that that ever even happens

that is why ION have tech partners.

see screenshot below for tech and EU partners - as published early this year... aka.... recently....


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all the while... the "on paper version" of the 10,000 tpa plant is being refined... and obviously we are not there yet... hence ION market cap

see screenshot below for a forward looking statement/s...




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as highlighted by ION management the roll-out / staging of the tech / hope of funding is said to line up with projected macro / worldwide black-mass volumes and new and emerging legislation that say how and where that volume must be processed (urban mining).

see screenshot below for that staging / vs volumes... eg... PILOT PLANT > DEMO PLANT > FULL SCALE PLANT > MULTIPLE PLANT....

none of this is a certainly... but it seems the ION backers and market are paying up.... in the hope that IONDRIVE tech is a half-decent chance of some success? who can say for certain?





bsh