Question about feed stockGreetings, I had a thought the other day. It might be irrelevant but I wanted to get your guys take on it. From my understanding Jabil agreed to provide ETI low grade feed stock for the proof of concept stage. So currently the plants are processing low grade feed stock (from what I hear in the ballpark of 6 oz au per ton of feed). Once proof of concept works then there will be cite acceptance and we will eventually get Q1 numbers based on this low grade feed stock. If everything I stated is correct then the stock price jump we are waiting on will be directed related to the company’s profitability (Q1 numbers) based upon low grade feed stock.
Now my question is why did Jabil and ETI decide to use low grade feed stock for their proof of concept? Has anyone heard or read anything addressing that question?
Here is the reason why am asking. If I was a company who wanted to garner attention and have people invest in my company, then I would use high grade feedstock for my initial proof of concept and Q1 numbers because they would be more impressive. Are Jabil and ETI intentionally keeping Q1 numbers low for some reason or am I missing something?