Potential Upside of WKT - Expandable Graphite, page-724

@pusskat

Thanks for posting, just had a quick read - a couple of points from the announcement (word for word):

• A final off-take agreementshall replace the term sheet.
• Although a framework for the pricing mechanism has been discussed,the final pricing agreement will onlybe agreed at a date, at least one month prior to delivery of the first batch of concentrate.
• These mechanisms give the Company flexibility in delivering excess product above theagreed minimum to other customers should demand result in improved prices at the time.

So in summation, no pricing, nothing.

All of this leads me to this point made by the MD:

• Securing the sale of up to 50% of planned production also reduces financingrisk.

Given my posts, I obviously disagree with this statement.