It will be 3 to 5 years before any commercial plant is...

It will be 3 to 5 years before any commercial plant is constructed and steady state commercial production is achieved by BKT and the fine print for any of the POSCO MOU's are all predicated on successful commercial production qualifications which can take 2 to 3 years. Pilot plant or lab qualifications are under near perfect conditions and it can take many months to calibrate a new natural graphite commercial concentrate plant. NextSource has been working to calibrate a 17,500 Mt concentrate plant for more than a year.