GraniteShares Gold Trust BAR

Backlog converting to Operating Assets

[BCdude]

Hi all, I had an email exchange with Nick today, asking him about expectations for backlog being converted into operating assets next year, and this was his reply:

"Regarding converting our backlog into operating assets, we go into some detail on the call but there are currently about 10MW we are prepping for construction, so about 6X our currently operational portfolio, and we expect to at least start construction on another 15MW next year (so 25MW in total). In other words, we really expect to see deployment and operational numbers pick up throughout 2022."

Cheers, BCD

[alleyesonme]

Thanks for sharing your correspondence BCD, also great analysis smiling dog, just listened to the webinar....10MW being prepped for construction and CEO feels confident under 5% interest by grouping the projects together...145MW backlog stated twice as of Nov.22 like S D said...it also sounds like large portion of pipeline is close to backlog, Nick said the goal of 100MW backlog every year to 2024