Nice announcement but...
"during the term of the loan and until the debt full is paid in full, Triton agrees to provide SQZG up to 200,000 tonnes of graphite concentrate at a fixed price US$875 per tonne FOB of material for any shipment. Purity of the graphite concentrate not less than 90% and moisture content up to 1%."
200,000 tonnes per year at 875 USD, this kills the margin!
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Ann: LOI for Project Funding and Off-Take for Nicanda Hill, page-27
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