Post by
bailey2 on Oct 16, 2020 12:56pm
webinar
Thought it was actually pretty good. Warning, the stuff below is what I thought I heard. It may not be perfectly accurate.
Pretty much have lost close to a year due to Covid. etc. Will not even be able to get more feedstock contracts in place before the end of the year, due to the supply chain disruption. But said there is absolutely no shortage of feedstock , once things normalize .
Goals - break even q2 2021. Takes about 110 tons per month for break even.
Profit margin 200 dollars per tonne first year at 3600 tons per year ) later said could increase to 4200 tons further in the webinar
Year 2 Add tin and copper to process- profit margin increases to 800 dollars per tonne
Year 3 Increase plant to 9600 TPA margin increases to 1000 dollars per ton
Getting a lot of interest from recyclers to install Enviroleach modules in their operations. Are in talks with 5 different countries in Middle East, and Asia , and elsewhere in the webinar, they have partnerships with different companies all over the place.
I think he said that there is a mining company going to build a 6 ton per day conventional mining operation in B.C. using their formula . by q1 or q2 of 2021. This is separate from the Group 11 insitu development. Duane said, if any miners are interested in the Enviroleach process, contact Enviroleach.
The Surrey ewaste plant only needs 4 operators to run it.
The value in low grade PCBs is about 4000 dollars per tonne.
He seemed to be very silent on the collaboration for Catalytic Converters with Mineworx. Kind of mentioned it, but said they recieved a lot of interest to recycle catalytic converters, using their process.
It sure seems like there are a ton of variables with how the ewaste recycling space using the Enviroleach process can play out.
I highly recommend listening to the replay of the webinar. glta
Comment by
RagnarD on Oct 16, 2020 2:16pm
You're right - the copper revenue projections are not clear. We already should be extracting copper, but the presentation says "Addition of Copper" in stage 3.
Comment by
macman20 on Oct 16, 2020 5:06pm
So far the ONLY thing I've missed is a $260,000 loss had I stayed here instead of buyin 2 silver stocks and 2 Golds.
Comment by
bobismydad on Oct 16, 2020 8:30pm
not interesting--and there are better places to lose your money
Comment by
eunice12 on Oct 16, 2020 4:28pm
Ragnr. The refiner isn't going to process for free and has recovery losses that ETI claims they don't have. Until ETI gets stage 3, they will continue to get low copper prices.