Y_Not? wrote:
...
Damn, that's a strong balance sheet for a spec company. Plenty of cash for the short term. What do you make of the inventory . . .
This report is post milestone ($700k US) but pre EEStor investment ($5m US). Subtract $5m from cash and you see why ZMC needed to raise an additional CA $9.3m in a hurry. Run the numbers and ZMC should have enough cash on hand to place orders for 1,000s of EESU-52 in 2010Q1.
Current Predictions
5) component to have specific energy between 550 to 650 Wh/kg
