Hi Spid,I believe RNU and some of or other peers are using more...

Hi Spid,

I believe RNU and some of or other peers are using more optimistic pricing, which actually is highly likely to be achieved when we consider:

* Double digit year on year demand growth most likely commencing from 2022, depending on how fast all the current battery production lines that are under construction come online.

* China running out of Graphite with enough quality for LiB usage which means they will have to import greater tonnages = their input cost goes up

* Their current supply dominance will diminish, considering every major Car Manufacture outside of China is aiming for greater self reliance which includes Anodes procurements from domestic/ non China suppliers

* The customers that will remain using China stock will still start to demand more transparent and environmentally friendly products = cost will go up

Taking all the above into consideration there is a high probability that an RNU sale price of USD $4,312 (even higher for high quality products) is a real possibility, which will mean EGR will be a very profitable operation...I am almost convinced that we will have 2 * 20ktpa plants fully operational by 2024 (AUS & GER) and the 3rd one well on it's way (US) as I am convinced that everything will move at a much faster pace going forward as per my reasoning's in one of my previous posts.

So if we take an additional US$1100 per ton * 40ktpa = an additional US$44million Net Profit per year (Less Tax)
I better not share my valuation outcome using those figures...

I am very much looking forward to the next announcements re Anode Recycling and if they can share any figures.

That's what I like about EGR, profitable business using very conservative figures, huge upside if things go as predicted by almost all experts now.

All IMO