great short to 86 cents, page-15

re: significant shipments of 640 litres and 200 li Steelerej, not unusual for readers to be confused when CMQ chooses to use litres of finished products or kg of API interchangeably, thereby creating confusion. CMQ when lambasting an investment research report recently clarified 1 kg of API is formulated into 20 litres of finished products. CMQ had also actively canvassed expectations of selling API at $1M/tonne. So it should not be too difficult to work out the $1.5M SA contract is approximately 30,000 to 40,000 litres of finished products or thereabout.

By the way, the latest account showed CMQ received $12,000 for the sale of finished products. CMQ had completed the shipments of 840 litres of finished products.

840 litres is 42 kg API, sold for $12,000? If so, this is $285K per ton of API which is way below the $1M per ton. Either the selling price is at $285K per tonne or 2/3 of the shipments were for trial or given away for free!