Ann: Pilot Processing Update, page-38

I don't really know how long things take.

Grasim didn't get the MC until the end of May. There were a number of steps in the pre-pilot spin phase that the company needed to do: 1 – Definition of Specifications; 2 – Establishment of Quality Control Policies and Procedures; 3 – Processing and Refining of MC; 4 – Optimising Drying and Purification.

I can imagine these things take time, in addition to buying and setting up the infrastructure to do all of these things (mainly processing and refining the MC).

Steps 1 and 2 won't need to be done again, so you can basically skip those, so that would save time.

I just think it is unlikely that NC6 and Grasim are involved in some conspiracy to delay progress or mislead the market. Grasim is a legit large company that would know how to do things efficiently and effectively.

The quarterly said that shipping and COVID-related problems caused delays previously. These factors may not be as problematic anymore (at least the shipping has already been done).