Great article lkazo....the Chinese are now really coming out of the smog to secure long term graphite supply. The recent deal by PLS with China's Great Wall Motor Co may set the trend for the graphite space...long term deals....project off-take debt funding....stage 2 financing....etc...what a Company maker deal that is for PLS and SP sky rocketing. This could be a very exciting quarter for VRC with Chinese now testing our product and the BOA's that could come from this.....having the middle east finance 'option' gives VRC some leverage in negotiations with these deals imo....l have mentioned previously that getting these BOA's signed is a priority for VRC to have the numbers for DFS and finance deals for Stage 1....once VRC proves the product this could very quickly develop into a PLS type deal for Stage 2.
Great article lkazo....the Chinese are now really coming out of...
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