I too went down a similar line of analysis, i.e. throughput x conc% x rr% x $/t to arrive at a 'potential' revenue number. However I don't think it is as simple as that and potential revenue probably a lot less. Reasons for such are below.
- The volume of e scrap is unknown. Is it is sufficient to justify running a processor over a year? I suspect the scrap would only be supplied to match what IC can sell. Since they mention landfill I infer that is a problem.
- The FJH process isn't actually generating Ga metal, but Ga chlorides. I asked MTM about this and they stated that this is still valuable to IC and can be sold but I assume the market is somewhat limited. Another processing step would be needed to convert into metal.
- The hypothetical yield is greater than the consumption of GA in US according to mineral commodity study.
Not to say I don't like the technology and potential of the company I think it probably falls into 'build it and they shall come' category.
MTM Price at posting:
19.5¢ Sentiment: Sell Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)