DrunkTrader...Offtake...read the detailsDT - I doubt the offtake is even valid....Grafoid was to pay FMS $1M for each offtake = $2M. I can't find any evidence that was ever paid plus there is no requirement that Grafoid HAS to source graphite from FMS. :.,The first offtake agreement (the Graphene Offtake, formerly the Energy Offtake) commits Grafoid to acquire, at its discretion, up to an annual maximum of 1,000 tonnes of high-purity (98.3% total carbon Ct)(1) large flake (+80 mesh) graphite concentrate annually from the Lac Knife Project for 10 years, representing up to 6.8% of the projected annual production of 14,606 tonnes of high-purity large flake concentrate. (Taken from Technical Report on The Lac Knife Graphite Feasibility Study.) Yah think Bankers will lend $$ on those fuzzy words? When I go thru the Financials posted on SEDAR, all I can find is that FMS has lent $$ to Grafoid ( after providing seed capital and only getting paper back). ;,. Another interesting observation on SEDAR.com re FMS Oct 2015..lot's of redacted parts. Wonder why? JMHO