Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
What you've calculated there is the revenue isn't it HarChris? $30/kg x 190 t. BMN will also be saving a lot on running costs, so the losses attributable to this event will be way less. I don't know the balance of fixed and variable costs, so won't guess at how much exactly.
That doesn't put any cap on the dilution faramog, as Orion are also buying equity. For example:
@ 1p conversion price:
USD=0.82sterling
Existing shares 1.5 bn
Orion take $10m, ending up with 0.82bn
SPR take $12m, ending up with 0.98bn
SPR owns 29.7%
If Orion took $20m worth, then the conversion price could go to 0.5p and the 29.9% limit still hold.
I'm not sure if/how the purchase of Vametco affects the above.
All above is just for discussion, I'm not an accountant or a financial advisor.
I didn't say little fuel, I said less. Less fuel hence less heat, so less likely to melt the rebar in the concrete. My diesel can do about 600 mile at 25% efficiency, whereas an EV can do 200 at 80% efficiency, so my diesel has about 9 times the energy stored in it. I take your point about EVs being harder to extinguish though, firemen must hate them.
Hxulcolrdoh, agree with your point about the wastefulness of the large EVs and the need for hybrids. I like the range extender concept with single electric drivetrain, shame it's just BMW that have made these.
However, your claim that full EV's emit more CO2 emissions over their lifetime is an over-generalisation at best, and your "even if they are powered by windmills" is pretty daft. Here's a graph with different electricity mixes:
https://insideevs.com/news/458458/legacy-automakers-backed-study-against-evs-debunked/