Interesting VML Article, page-17

"We need to wait till the middle of this year when our stuff will be in Norway."

Though keep in mind we wont be paid on delivery of the product, REETEC will still need to separate and on sell the separated products, and VML will receive a "share" of the profit, though i feel this wont be a clean 50/50 split given that REETEC has more on the line in regards to capital expenditure and risk exposure.

Interestingly, i haven't come across much information regarding any off-take agreements that REETEC has with any end consumers for these products, or any information that indicates that their end product is capable of meeting the end users requirements. Though given they are a privately owned company I imagine most of that wouldn't be publicly available.

This is just my understanding of VMLs and REETECs agreement, please feel free to correct anything i have butchered