Thanks for the information. I certainly wasn't looking to do this myself or be an investor
I spent 6 months worth of weekends learning to brew beer. Ultimately, the best that could be said is that nobody perished from drinking the product. I've learned my lesson.
My early vocation was as a Materials Engineer so, I certainly wasn't looking to underestimate the task. Moreover, I worked in a laboratory during Graduate School. During that time we were tasked with what was ostensibly resuming work performed by a group that had lost funding six years before.
Even with recovery of all the intellectual capital - you guessed it - the sponsors were obliged to subsidize some pretty costly errors.
From a strictly fiscal standpoint, though, the start up cost isn't ridiculous. The run rate, though, would scare me. 13 people isn't trivial. If those are people in, say, Rochester - you have to figure total annual loaded costs of about $1.2 million. That's labor alone.
I doubt you could do this for very long in the USA. Not without a pretty good guarantee of a market.
The heavy metals would worry me any place you care to name. There are, for example, new regs in the EU that were adopted in 2006 to regulate the traffic of these in the member nations. That stuff usually can't be grandfathered. Even China is now showing signs of concerns here. At least, they are making lots of noise about this for electricity generation.