My calculations for the demo plant are very similar. I don't...

My calculations for the demo plant are very similar. I don't believe it will be a huge money maker for a capital spend of $10m. In the long run, when the capital price of this plant is reduced, it will be, but it certainly won't be profiting over $1m per year.

It is simple maths if you extrapolate the 100tpa of hydrogen (at $10,000 per tonne) and 300tpa of graphite (at $1,000 per tonne) = $1.3m revenue (before opex and input costs). So maybe profit of a few $100,000.

Commercial scale (10,000tpa) will probably be where the money is at, but this planet probably won't be built until about 2022 at the earliest.

So I think it is pretty reasonable to ask where the money is going from for the commercial plant.. I would prefer them to get started on this commercial plant simultaneously with the demo plant, with a construction date in 2021/22. But to do so, we need capital now.

Hydrogen space is moving quickly. If you think that we should only start thinking about capital for the commercial plant during 2020, then we are way behind the eight ball.

We need funding now to expedite our technology, not waiting for first revenues to be generated.