Ann: Bass' first Graphite Concentrate Sales - additional detail, page-13

Hi Inquisitive1, your estimates are on the very low end because the basket price would be much higher than 1051 US$/t that is because the sales to our first customer didnt include our BEST PREMIUM RAREST (economic moat) product on the market : 35mesh+ product ! I wouldnt be surprised if the price for 35mesh+ is 2100+ US$/t.

Assuming 2100 US$/t for 35 mesh+ and using the companny guidance for flake size distribution we get the following :

35 mesh+ : 21.3% @ 2100 US$/t
50 mesh+ : 16.6% @ 1700 US$/t
80 mesh+ : 33.4% @ 930 US$/t
100 mesh+ : 19.2% @ 700 US$/t

Basket Price = 1300 US$/t