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4.2¢ magnis energy technologies ltd

Shut the gates. Look up James Dack solid upstanding guy.

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panoske

194 Posts.

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13/08/20

18:28

Post #: 46520228
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Originally posted by Riskon22: ↑

Points of interest from today's webinar

Frank Poullas (Magnis executive chairman)
- There is currently only one GwH scale battery manufacturer in the US
- Magnis/C4V's Huron Campus gigafactory in NY is to start at 1-1.2 GwH and then scale up to 4-5 GwH. Moving to 15 GwH will require additional campus floor space or an off-site premises
- Magnis currently has a 58% direct and indirect interest in the NY plant
- NY plant equipment independently valued by Ramboll at over $71m (considerable asset)
- NY state government (announced by Governor Cuomo) has committed a $13.25m funding package
- Have several NY off-take partners which account for 70% of the first 3 years of production
- BMLMP gen I cathode technology requires no cobalt or nickel and is priced at a similar level to LFP chemistry (cheap) but is high voltage and of equivalent density to NCA (high performance)
- BMLMP gen II cells will have a nickel rich cathode (still cobalt free)
- CATL is a close comparison to us in that they are mostly a battery cell manufacturer. Their MC is almost $60B and in 2019 their estimate production was 15 GwH (MC of $3B-$4B per GwH)
- Our current MC is only about US$100m!! (huge upside)
- Expect to finalise finance for NY plant in H2 2020. We’re in the final stages of negotiations with a well-known, world class financial institution. We have been through more than 10 months of due diligence with them and over US$500k has been spent on supporting independent reports (costs shared between them and us)
- Out team that will reassemble the NY plant is ready to go – contains a number of ex-Tesla employees. Expect to be reassembling the plant during H2 2021 and be commercially producing cells in H2 2021
- QLD government recently approved the Townsville 15 GwH feasibility study
- Our entire battery cell supply chain requires no input from China/is China free

Dr Shailesh Upreti (C4V president)
- Has 20+ years of Li-ion battery expertise. Started his academic career under Stanley Whittingham
- Battery cells are priced on their energy storage capacity (our cells are high capacity but low cost (providing high margins))
- We have an extremely strong IP and patent portfolio
- We have US$400m worth of pre-production battery cell contracts for the NY plant
- Our supply chain involves 50+ companies
- We are working with 30+ customers to qualify our battery cells (each company requires different specifications and we have been working with some of them for 1-2 years). These include OEM’s and major car, bus and truck manufacturers
- 6 minute extra fast charging batteries (as we have developed) will allow for smaller battery pacts to be used on buses (less weight and capex and more room for passengers) and almost continuous on-road running time. Our development partner, BAE, is the largest bus manufacturer in NY State. We expect a demonstration bus with our battery in it to be on the road in the next 9-12 months
- Gen I and II cells are ready to be scaled. Gen III (solid state) is currently being optimised and should be production ready in 1-2 years

Q & A
- The NY plant requires around US$50m to be operational because equipment has already been purchased
- The current Endicott lab produces commercial level cells
- BMLMP cells have a very stable crystal structure at high voltage (meaning high energy density). Our anodes have a propriety silicon/graphite blend that provides double the capacity of straight graphite
- Nachu graphite achieves 99.95% purity without chemical or thermal purification (mechanical processing only). Others usually produce a product of 95-96% purity which then requires chemical purification via China. Our Tanzania special economic zone (SEZ) allows for tax free production for the first 10 years (beginning when production starts), including royalty free, no import/export duties and off-shore banking
- We are not entertaining near term take-overs as we are way undervalued. We’re here for the long-term

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Shut the gates. Look up James Dack solid upstanding guy.

MNS Price at posting: 20.5¢ Sentiment: Buy Disclosure: Held
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