Good morning HongKongPhooey,At the time of signing, the Company...

Good morning HongKongPhooey,

At the time of signing, the Company projected that CIF revenue over the term of the Agreement would be approximately US$260 million (at US$1,300/tonne, less Wogen’s fees). Under this Agreement, 80% of the expected value is payable upon ship loading, with the remaining 20% due upon finalization of sales.
This arrangement ensures predictable cash flow, avoiding the "lumpy" flows that depend on the timing of sales.Payments upon loading can be as high as US$3.2 million at a time, with the option to increase to US$8 million upon mutual agreement by the parties.

Regarding the current focus on shipping logistics, this is likely a temporary topic of discussion. It seems highly unlikely that the cargo has been sitting at the port for almost a month without being shipped.

Additionally, and worth noting , in Mike’s recent webinar, he mentioned that the price they are currently receiving is around US$1,500 per tonne.