Agreed 42 trader, I am not sure if you went to any of the ivestor forums but it was explained that its a chicken egg scenario in regards to finance as graphite is quite a unique product, well at least WKT's grade is, sets us apart from SYR, MNS etc.
Funders are uncertain if there is no binding offtakes and offtake partners are uncertain the company can deliver with no funding so I see this as a two step process.
Ann: Binding Offtake Term Sheet Secured, page-98
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