upbeat NR Purity up, 88% continious,a good trend,I agree they have likely produced a significant quantity of 90%
Were at essentially 3 mt week with current equipment,remember this is essentially a retrofit with what they had while working the solvent process,will be interesting to see the engineering report on scalability,with new non solvent process.
If they can define the scale up parameteres you can then fix a capex budget and work numbers,key is that the actual proces seems to be working to produce protien. now they need bigger and more centrifuges,all solvable. The report was no doubt commisioned by a JV partner as part of their DD.
to bad they did not start with this process 2 years ago ,oh well cant look back.
60 days rort the report
interesting timing,I would expect it coinsides with some JV discussion timelines,If I am a JV partner I am looking a bitt harder now.hopefully more bidders to grab this technology
all in all a positive NR ,but still a wait and see