Ann: US$52M Term Sheet Signed for New York Battery Plant, page-76

starting at a feasible level and then ramp up - good business sense. no point going all in, having huge debt and then finding unable to finance debt due to establishment phase - good commercial sense.

BTW have you noted the HUGE potential in the NY market if that can be tapped into - and that is a reality due to high standing of C44 and the Professors) build the foundation and the rest will hopefully follow - and as it does expand production.