Riverside isn’t a pilot plant, they do have a pilot facility, in...

Riverside isn’t a pilot plant, they do have a pilot facility, in Lookout valley, Chattanooga where they refer to the furnace as gen2. Riverside is currently building out commercial gen3 furnaces for commercial tonnage. They do have patent protection over the process.

Second point, and here’s where anode pricing gets murky trying to understand. It’s still synthetic graphite, however we’re not privy to the commercial specs of each customer. The CEO has reiterated this is not a commodity, but a specific product for each customer. So for this reason agree with @stockyclint that it’s difficult to compare price and without the full picture can’t just go to the SMM spot price.