Hi oznt great post...Quote:We don't need BOA for the Battery grade (26% of our Flake size distribution) as this will be easily sold on market at spot prices as the EV sector is in the process of taking off. (took 5 years to sell 1M EV cars - it just recently took 6 months to sell 1M EV Cars and speeding up)
The first binding agreement was for a term sheet to supply minimum 10,000 and up to 20,000 tonnes with pricing mechanism still to be decided later on where supply and price tension is expected...Especially in year 2020
Can you expand on why the EV portion will not be subject to a binding term sheet....with the same mechanism..?
Previously 40% of revenue expected from super jumbo....Germany /Japan different regions offering diversity...
Expanding into known markets from a solid base...Debt funding now being sought...
Croc
Ann: Second Binding Offtake Term Sheet, page-86
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