Itronics Inc (ITRO)

[twilko]

"Sounds like you're interpretting it as the silver sales are directly linked to fert sales and that Whit will only collect as much goo as needed to fill the fert orders. Is that correct?"

Yes that is correct. At the time of this PR, cash flow was a problem and the storage of fertilizer was an issue. They did not have the storage capacity to store the liquid fertilizer after they extracted the silver. That was my understanding.

"My understanding on the whole Stage 1 thing was that it increases capacity 10 fold at the same per melt cost. Why increase capacity so much without utilizing it independent of fert production? Sorry, but I still don't get it. I'm not trying to be difficult, just trying to understand wtf is going on."

Yes your understanding is correct. They can up their quantity of photo liquids, and they can extract the silver at 1/10 the cost of before. They still have a problem. Where do they store the basic "fertilizer" component until they need it or can sell it? The 10x has made for a much more profitable operation, but has not made life easier. No, they cannot process silver without fertilizer sales. They are a take both or neither proposition.

Well that is a twofer. You can chock that up to a bad day.

Terry