Potential Upside of WKT - Expandable Graphite, page-630

Thanks @Croc-file

I agree, no pricing could have been agreed on, otherwise, you would have your funding arrangement.

I don't have enough knowledge of the graphite industry to comment on the capital intensity thing, only to say this - in my experience in writing commercial loans, underwriters take a myriad of project fundamentals into consideration- > a price driven BOA certainly could form part of that.

Given you obviously don't have a price driven BOA and the sheer number of unfunded graphite producers who have long-standing BOA's, I guess you just have to hope that WKT can navigate a funding arrangement.

However, if they can't, or it drags on, these BOA's could prove useless and leave people the poorer for it - its a long way down from the top.