Growth storyWhen it comes to getting an attractive financing deal, a growth story yes or no, can make a hell of a difference. GP has stated many times that SCY believes that scandium will be a 1 billion USD (500 tonnes) market within 10 years.
And now it’s time to back up this claim.
From a marketing perspective you have to proof that scandium is not some niche market but a mass market, convince investors that it has a wide appeal. But how do you do this?
Here are some important factors:
1. Nameplate capacity sold out
2. A large number of purchase orders
3. A diverse customer base
4. Many different applications, based on the property enhancements of scandium (strength, heat tolerance, corrosion resistance, etc.). Scandium is not a one trick pony.
This is what GP is currently working on I believe. And also, why it takes so long. But in the end, I think everybody will be pleased with the outcome.
GLTA