So offtake agreement for minimum 40 tons a month of product, that is not yet getting produced.
Initial term of 3 years which (subject to early termination)
That's 4,000 mtu of tungsten oxide. Tungsten currently at say US$400 mtu, shaved to 75% for tungsten oxide because of the amount of air in it (not as much as Lewis Black though) so US$300 per mtu.
At 4,000 mtu per month that's revenue of US$1.2m per month.
No start date.
No guarantee of continuity.
Oh, and we need you to committ to our hard floor price (market hard floor price is currently $250-$270 $USD per mtu) so we can atleast break even is the price drps by 10%.
So, get on baord all you EQR fan boys. Ignore that US$124m in new offtake agreements for the next 2 years, who cares if you are already fulfilling them?
I have no opinion on Almonty or EQR, other than don't listen to this goose.
DYOR and, unlike some others, understand basic math.
AII Price at posting:
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