Aqua Metals Inc. (AQMS)

[derkampfer]

Sport. Re-reading the conf call after listening live thought was very encouraging. A lot of progress. 4 mods running 24/7 with 75% electrolyte recovery by early Q2. That’s weeks away. Veolia begins working there Monday. Veolia is the kind of company that will bring the production and execution structure needs desperately. At 13 or so mods with 75% recovery they’re profitable operationally. When they graduate to 16 mods by year end they should be very close to cash flow breakeven. If not profitable. Would expect Q1 to show first profit. From there as they scale to 20 then 24 then 28 and so on it’s all pure profit. Lead batteries are not going away anytime soon.

Good luck

DK