It does read that way. We must be taking a small amount of feed from them to get a more consistent 63% Fe product and then selling it back to them for them to sell on to their existing customers.
I believe our EPC agreement will see our existing and future plants improved to consistently produce between 63-65%Fe. In the interum, we are obviously making adjustments and tweaks to what is essentially our pilot plant in order to get the ball rolling.
What I'm looking forward to now is our next plant orders and the improvements that the EPC company are going to contribute to get our future plants churning out consistent top quality product from low grade feed.
Either way, cashflow is good and we'll hopefully have more POs soon from the other clients shortly as we go to 24/7 operations.
Getting close to the regular cashflow we have all been waiting for!
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