Ann: Triton Secures Two Billion Dollar, 20 Year Off-Take, page-135

Hi names not so sure about making the DFS process quicker but certainly a step in the right direction. We now have some certainty with a customer buying the 150+ micron product which equates to 40-60% of the flake distribution (hard to know the exact number as the distribution breakdown reported doesnt show the 150micron detail).
Note when producing the 100,000t spec graphite (150micron and greater ) they also produce 150,000t of graphite they cant sell
to this customer ((100000/0.4)-10000).
In my view what needs to happen now is ton need to secure a customer to purchase the 150,000t of graphite smaller than the 150 micron before issuing the dfs. Otherwise you need to assign a zero value to this portion of the product and your operating costs for sellable graphite is much higher. Syr have the same issue and i believe this is one of the main reasons the dfs has been delayed
As mention before i have sold out but will be looking at the numbers more closely this weekend to get an idea about what this company is worth.
The announcement made today is a huge step and in my view good news for the sector in genral but actually bad news for SYR. As TON & SYR are essentially selling the same product and he who gets to production first wins. I dont believe there is room for both TON and SYR