NEO Battery Materials Ltd V.NBM

OK to duble the plant

[dukabor]

But where is the  $ millions to do it ???????
Big plans  big   delution !!!!   And  the way  to promotion!!
Hope they can  accomplish in a  year or two

[Zevo]

Dukabor - great question.. In addition to the provincial support and any tax incentives they receive as a foreign company, they will be look$ng for a partnership to carry the cost. They eluded to this in a news release last yr. dilution would be last resort. They have moved from pilot pant to semi commercial plant, to now commercial plant within a few months. Why would they do that.? Tells me they

[lscfa]

What is the capex for this plant? Proceeding with a JV partner is still dilution as co. is giving up a share of revenues/profits.  

[dukabor]

They can increase the production  PLAN  , and the size of the plant ,  But wher is the  $$$$$ to do  it  ??????   Nobody  could  BuY the product  until   the plant is built ! I  hope they can  raise  the millions  of  $$$

[eldreco]

Duk, Good questions...but I think  managent is a ways in front of you already.  Yes - they have increased the production plan (and secured a like-sized property adjacent fo further expansion).  At the same time, they have tapped into the business grant system (you have to figure that the Korean government does not want to lose the edge they have in the battery-world to China...so

[Zevo]

Good commentary- keep it coming Share dilution is always a possibility, but I agree with El D, if it happens it wouldn’t be the end of the world. Personally I’m not concerned at all.  NBM leadership team is super sharp and judging by their attention to detail in meeting all the guidelines for the incentives... they know how to pinch pennies. . Share dilution will be last option on the list -

[eldreco]

Thanks Zevo, Good thoughts here in your reply! After my last post, I started thinking of what it costs to bring a mineral mine into operation...the mill itself - the fleet of heavy-duty equipment to extract the ore - and another fleet to get it to the actual mill etc.  Recently $500-750 mill is cheap, by all accounts (after all, we're talking about millions of tons coming out of the