Cheers, So in the LOI with LKAB and Mitsui it states; "This...

Cheers,

So in the LOI with LKAB and Mitsui it states;

"This includes construction of a scalable 19,000tpa anode production facility and integrated
graphite mining operation in northern Sweden (“Vittangi Anode Project”) (ASX:TLG 23 May 2019)
with an additional 85,000tpa expansion opportunity (“Niska Project”) (ASX:TLG 7 December 2020)."

So the funding will hopefully cover the extra 85,000tpa to a total of >100,000tpa. Once that stage is completed and Talga is in production, Talga will hopefully be able to self finance and if needed borrow against these future off-take revenues to further expand and grow.

I do remember MT saying they may have to take a short term hit to get things going and about the fixed cost.

So, onto something else from the annual report; on page 78 under trade and other current receivables there is $2.7m receivables from new customers (under 6 months). Im not sure if I remember correctly but did MT once say initially Talga will provide anode for qualification rather cheap but as qualification progressed and OEM's/battery manufacturers wanted larger amounts of anode for qualification then Talga would start charging more?

Do you or anyone else believe this $2.7m would be from larger supply of anode material for qualification? (for new customers under 6 months)