Dec 16th, 2025 - Looking Forward
I've been working through some number to try and correlate the current share price with a simplified linear production capacity ramp of the South Korea (5000 TPA) and Canadian (5000 TPA) factories over the next 10 years. Obviously all of the variables in the spreadsheet could change at any point in time but with the orders starting to pick up steam it seems like completion of the production facilities will need to be fast tracked to meet larger order sizes and shifting the smaller 240 TPA facility over to continue supporting the smaller customers in various industries.
However, this could definitely cause a negative movement in the share price in the short term due to increased debt load and share issuance, both of which I hope they can minimize with there phase in plans to get partial capacity for funding as they go.
Posted Dec 16, 2025, 7:02 PM UTC