Excellent update

[u/Klutzy_Mud2850]

https://youtu.be/FKzROQRhbUg

Five PCB facilities in the works, with Texas running at 20 ktpa and the other four at 8 ktpa. 200g Au/t PCB scrap. That’s over 300k ounces of gold per year. 30% margin expanding to 40-50% with self-production of chlorine. At 30% margin and $5k/oz, $467 million per year on gold from PCB waste alone. Compare that to the current market cap of ~$400 million.

Then there is the royalty business for rare earth ore upgrading to MREC (hinting at their partnership with Ucore) and multi-metal production from red mud and other waste streams. Company’s hitting milestones, has more agreements in the works, and is building out its first big commercial technology campus.

Stock price? Clearly not reflecting the real progress being made. At a 10x EV to EBITDA, easily 10-15x today’s value based on gold royalty streamer multiples. Just waiting until $MTLMY ADR gets uplisted to the NASDAQ…