Ann: Quarterly Activities Report, page-12

Hi Loharano lad, You are absolutely right, thanks for correcting me, my apologies, 200T (i verified its the 28th november 2016 announcement) and 117.000$ revenue is only 585$ per tonne (and not 1000$).

This means the 200T they sold wasent all large flakes/high purity (94%+), which makes sense, its a mixture of different sizes/grades, and the average price was 585$ per tonne.

That is indeed a low price per tonne, which may explain why they preferred exiting the quarter with 362T of graphite stockpile in order probably to negotiate better price. Lets hope they get better prices / achieve higher purity levels / larger flakes this time around.