I must admit I understood this to be the case aswell (i.e. 30%...

I must admit I understood this to be the case aswell (i.e. 30% free cash flow is payable over the 3 year term regardless of it being paid out early)

This is a good announcement though. 80% savings in opex for site power, which is the single highest production cost for the project and 50% savings in the burner fuel opex. That is a significant savings for the company and will improve profit margins.

Dont be concerned with the number of in spec bags being shipped at the moment. Best to keep the trust with end clients rather than ship off poor quality graphite. This forms the first part of a larger order from a European end customer, thanks Wogen. Roads to both ports are open, the volume of in spec bags will increase in time. $5M debt facility remains undrawn and revenue has started. Commercial detail clearly not released as they would be commercial in confidence given sales are based on spot pricing.