Ann: Granville Tin Project Update, page-23

i seem to recall that the sticking point was the penalty and premium clauses in the last offtake. i think it was 63% concentrate and penalties for under and premiums for higher. i recall we delivered 61%ish from g1 tailings and copped a penalty and there was a push to get it lowered to 60% concentrate on delivery with p&p for over/under. it remains confidential so traxy doesnt erode its bargaining position with other suppliers so we'll likely have to reverse engineer the agreement from the first payment. however if nothing else dgr and peter know how to wheel and deal.