The numbers/prices are moving in a direction right now that E25 needs to sell to be profitable.
For me there are 3 challenges to be overcome in the next few months:
1. Make the business of selling manganese concentrate profitable in the future
2. Secure at least A$150 million in funding for the construction of the battery facility
3. Arrange an offtake agreement with a (large) manufacturer of cars and/or batteries - maybe in connection with the financing mentioned in point 2?
If point 1 can be successfully implemented, the next 2-3 quarters will show us that, the current market capitalization of currently (ridiculous) 213 million AUD alone completely covers the business with the sale of manganese concentrate - the battery fantasy would then also exist.
Certainly the development can take 2 - 3 years, but with the option to maybe make 500 - 1000% profit?!
It is also important that E25 is already gaining important experience, especially when it comes to drafting contracts with future acceptance partners. In this respect, the loss could have been a lesson learned in the long term!
E25 Price at posting:
$1.40 Sentiment: Buy Disclosure: Held
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