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Positions: 155,500 warrants, 1650 shares
Of their 4 products, TXR, G-Lubricant, Supa-G & Graphene-Aluminum battery, I believe G-Lubricant to have the greatest short term revenue potential of the 4.
The total market opportunity in the relevant trucking markets (NA, ASIA, EUROPE, AUS) is $1.17 billion. That's only for trucking.
Its tough to estimate the sizes of the other markets, field equipment, harvesters, mining rigs, shipping vessels, generators, anything that can utilize better engine lubrication has a potential market.
The case for the lubricant, is that it saves 10% on fuel use.
Super easy to apply it to an engine, follow the ratio, 1:100 for additive - engine size ratio.
I'll take a Freightliner Cascadia as a case example, Engine size of 15 Liters, apply 150ml.
500ml costs \~CAD$200 online, a freight truck might change oil twice a year, so you use 300ml at $120/yr as a baseline revenue per truck.
These trucks use shitloads of fuel, \~35,000 Liters/yr. If you use 10% less fuel, you are burning 3000 Liters less, saving, depending on fuel costs, in the realm of $5000/yr. No brainer for any company suffering to fuel margins on shipping product.
Biggest hurdle is the EPA who prevent large quantities moving to the USA, and then the American Petroleum Institute, who decide whether or not after market products void a users vehicle warranty. Process of adoption through the API is roughly 5 years, that plus EPA, then you're good to go in the USA.
With enough case studies, and market adoption, 2-5% penetration is not out of the question in 3 years. Canada would be roughly $1.8mil, Australia, $1.5mil. USA is significantly larger than any other, at a shot for $33.6mil at a 2% market penetration. Total at 5% for all 3 markets, $91.8mil annual sales for G-Lubricant.
This fits within the early-adopters scheme who are the few and small who will take risks of trying out new products like this, the rest of the market comes easier once they see the benefits of others enjoying those savings.
Markets are less relevant where fuel is cheap, but still potentially important for the future.
Then you consider the market for TXR, Supa-G, Graphene-aluminum battery..
Beijer Ref now taking TXR at the Original Equipment Manufacturer level is a significant step to seeing how the market is for TXR, along with Nu-Calgon moving to do ground-level sales on behalf of GMG and doing their own USA guerilla marketing.
Rio Tinto being a public parter for GMG, is incredible. Especially as they look to merge with Glencore. Rio Tinto will be one of the largest companies in the world, with initial purchase rights to GMG's battery.
Things are sizing up here in the Graphene market, but time will tell the story here.
Trucking market sizes:
|Country|Heavy-duty vehicles|
|:-|:-|
|Australian trucking|600,000|
|Canadian trucking|700,000|
|USA trucking|14,000,000|
|European trucking|7,000,000|
|Asian trucking|9,000,000|
|South American|2,000,000|
|African|500,000|