RE:Neo presentation The potential for growth is no where near priced in.
"I think out of a total investment proposition for a Phase 1 metal, alloy, and magnet facility meaning something in the ballpark of 1000 tons a year of magnet production, that would be in the round numbers without being too specific in the $30 million to $50 million of CapEx, and I would expect that those programs within the Government of Estonia's purview could add up to perhaps half of that.
That given the feedback that we're getting from Tier 1 and OEM customers on potential pricing premium available, I think would lead us to conclude that we can extract and achieve an acceptable rate of return on whatever capital we invest. That's ballpark - ish, the numbers that we're looking at. But again, this is Phase 1 and eventually, this will be a drop in the bucket for -- in terms of Europe's needs which we would expect to continue to expand.
And we will -- hopefully, once we get this going, we will quickly start looking at a Phase 2 to add capacity in the order of another 4 times to 5 times what Phase 1 would be."