Ann: Quarterly Activities and Cashflow Reports, page-65

It's a good article Bruce and further endorses why many beleive that owning shares in a graphite company will prove to be a very worthwhile exercise.
Whilst we all acknowledge that there have been delays along the way, if VRC can infact achieve their goal of becoming a producer by the end of 2019 it will be good timing because the need and demand for graphite will only increase in the years ahead as you have rightfully pointed out..
So with a bit of luck the ducks are finally lining up for VRC and those who are getting involved in this Bond Issue will know exactly the upside potential for a company like VRC that can become a producer in the short term.