Soft cap lets us start with a minimum feasible production capacity (500TPA). At the same time, demand from our buyers for Ultra High Purity Quartz is over 10,000TPA which is 20 times higher. In our aggressive development plan, we aim to produce 30,000TPA of HPQ in the next 5 years. So if we raise more now, we will be able to increase production capacity much faster. We also want to add another grade product (STD) that is needed by our buyers.
For the time-being, we can safely go up to 10,000TPA of HPQ just to meet confirmed existing demand.
For the lower grade quartz the market is expected to reach about 3.7 million tons till 2020. So our coal ash recycling capacity can be increased safely.
The soft cap is USD1,650,000 which will be enough for a 500 tpa (ton per annum) HPQ production line.
This is the minimum feasible production capacity.
The more we raise, the higher production capacity we start with.
We can safely grow to 10,000 tpa and more as current confirmed demand from our buyers is higher.
For coal ash recycling facility, we need extra min. USD1,200,000 which can be increased safely.