RE:Quick Math Question again for GabeVery simple, Gratomic will be producing product in Q2, that product will be sold.....however from a legal standpoint they can't say "commercial production" until they reach 51% of total production which equals 10,200 tonnes based on (20,000 tonnes) .....which means they'd have to be producing roughly 900 tonnes per month to meet legal standards.....
CEO Arno Brand said, near rhe end of March/2022 that the processing plant will be operating at a rate of 600 tonnes (consider it the calibration and start up phase of Aukam) ..that product will generate revenue. Followed by "Commerical production" which is slated for Q3 for roughly 1,200 tons (per month)....
(I urge management to drop their PFS/Resource estimates)..... if they need to add to their data that could be done at a later date... imo
Nothing has changed, mining license in Namibia, processing plant nearing complete, the +20,000 tonnes will be processed..
Q2 (2022) April-May
600 tons per month x 3 months = 1,800 tons
$2,700 per ton x 3 months =
$4,860,000 (Candyman said, "70% of $4.8 million will be deposited into Gratomic;s account in Q2 of 2022.....
$3,402,000.00 AS PER REPORT:
https://www.gratomic.ca/news/gratomic-announces-memorandum-of-understanding-with-millennium-metals-tm2-2/
The Parties have agreed to enter into a long form agreement within 6 months where Gratomic will commit to supplying 600 tons per month of graphite SG16 Uncoated or other grade in the initial 3 months of supply, and 1,200 tons per month of graphite SG16 Coated or Uncoated or other grade after the initial 3-month period, year over year for 60 consecutive months from the date that the Company’s Aukam Graphite Plant officially enters commercial production. Commerical production is defined as an output of greater than 51% of total production, which is estimated for Q3 of 2022.
The prices should be discounted by 5% on FOB terms. As an indication, Gratomic and TM2 Indicative Term Sheet signed on February 8, 2022, defined a fixed price of $2,700 USD per ton for graphite grade SG16 uncoated, and $8,000 USD per ton for graphite grade SG16 coated.
A provisional payment of 70% in advance will be made quarterly to Gratomic for the upcoming 3-month delivery period based on planned production and prices on the date of payment. Final payment will be made 30 days after an inspection in a bonded warehouse. Payments will be made directly by the Buyer to Gratomic, and a shared profit contract will need to be established with TM2.