RE:RE:My Red Cloud question 2 not chosenNow I am not sure if I remembered correctly. Did the SMC cost slide say for 5000 tpa, or was it 2000 tpa?
The other money, which was in ranges, is 1) government money, and 2) offtake agreements (partnerships)
Ryan claimed what sounded like gargantuan revenue, but didn't mention spread to feedstock cost. Sais 20 something % EBITDA. Ucore guys made it sound likey they will try to go with debt as much as possivble, so would have interest expense not accounted fror in EBIDTA. I also presume very significant D and A, bbecuae that physical equipment will wear out and need to be replaced. And customers who fund SMC presumably get product at low price. Put it all together, and not clear to me that true earnings will be much (or even positive), even if the plant works like a charm and the business hums. Of course Adjusted EBIDTA might not be bad if you adjust away enough of your costs.