[markcyffka]

Great points. We are using lab scale equipment today, and as trained engineers we want to be conservative to any forecasts we share publicly since unrealistic claims will not help us or anyone in this space get to where we want to go. We have spent many months building models, demonstrating at a lab scale, & talking to experts to get their feedback, and now we see the most value will come from actually building our pilot plant to get a much clearer sense on the real financial/energy costs & to identify which process parameters need the most focus.

Coming from the chemical manufacturing world, we have (painful) experience modeling & planning for new processes & know that cost/energy models of new processes can only get us so far.

That being said, we see a path forward for our process at scale and are motivated to make it a reality.