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Bullboard - Stock Discussion Forum Gratomic Inc V.GRAT

Alternate Symbol(s):  CBULF

Gratomic Inc. is a Canada-based exploration and development stage company with projects in Namibia, Brazil, and Canada. It supplies graphite and is engaged in the electric vehicle battery supply chain through the development of its flagship Aukam graphite mine and ongoing exploration at the Capim Grosso property. The Aukam property includes a mining license (ML) 215 (5,002 hectares (ha), in... see more

TSXV:GRAT - Post Discussion

Gratomic Inc > Quick Math Question again for Gabe
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Post by SeedsofDoubt on Mar 12, 2022 2:55pm

Quick Math Question again for Gabe

Commercial production is slated for Q3 of 2022 for the 1,200 tons per month. Meaning the first 600 tons per month in Q2 of 2022 will be 70% prepaid in advance in Q2. 70% of $4,860,000 equals $3,402,000 will be deposited into Gratomic’s account in Q2 of 2022. Pretty nice first paycheck during the calibration and start up phase of Aukam. Congratulations all longs.

According to your post...If Production is slated for Q3 how do you get paid for production of 600 tons, when you are producing ZERO tons?
Just wondering about how the 600 tons produced will happen
Just thinking out loud
Comment by GabeBuffet on Mar 14, 2022 2:28pm
Very 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 ...more  
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