Even we just take a conservative average estimate of $100 per...

Even we just take a conservative average estimate of $100 per ton , that puts the three LOI contracts, into the $60 million per annum revenue bracket! Also these initial contracts could well set the ball rolling for others, demand is high and supply is tight, you'd want to be on the list.
VRX have had a a surprising level of interest from Asia from those samples we have been shipping out for the last three months, so we can say with some confidence that there will be more agreements to come.

This is all coming together rather well, all boxes being ticked and processes falling into place.