Ann: Offtake Agreement with Major Graphite Distributor, page-82

Thanks for your input and im sure most of us would agree with your considerations, my personnel view is that the figures in the short term will not add up but i think its the quickest way to get to being a producer which makes us more attractive to customers and financiers and onto stage 2 which is the real goal and where the profits lie.
So i think stage 1 is no more than a quick stepping stone to stage 2 which is why i think there looking at the CNBM deal possibly, as it means they will be funded through the lean patch of stage one and all the way through to full production on stage 2