RE: Underhanded7 Apr 2024 11:31
miller, tm1 owns 49% of recyclus. tm1 was started as they needed to come to the market for the vast amount of funding required to get a project like this underway. and most startups don't see profit in the first two years, and are debt funded, i'd suggest not investing in small cap start ups if you don't like the risk/reward ratio. as many have stated, lenders are far and few between so these cln types are the best of a bad bunch unfortunately. regardless of any apparent skullduggery they will keep the lights on and the cogs turning for the next 18 months. as i keep ranting on, when the tfs lands our cash situation changes for the foreseeable. some *** packet calcs taken from the tg group
8,000 tonnes of feed stock will generate 4,000 tonnes of bm (roughly).
4,000 tonnes @ £3.5k/tonne is £14m in revenues.
that's for 1 shift running, annual revenue to be clear, i think they are aiming to ramp up to 3 unless i'm mistaken? also no gate fees taken into account.
then factor in a second, third plant, and eventually the ability to refine ourselves and sell directly in the uk to battery manufactures, even more profitable.