If they didn't have the funds they would have just remained at...

Originally posted by Tinwins

why a halt when the option is known about ?either they have the funds to exercise or not.

If they didn't have the funds they would have just remained at their original 75% of the PUREgraphite revenues and profits and let this option expire.

It's well worth exercising their call option to increase their profit share from 75% to 100%. An increase of approximately $A500million in annual profit when they reach 100,000tpa. I'm wondering now that it might be best to sell Mt Dromedary for $200-$300million and reallocate these funds to expanding the PUREgraphite plant at a faster pace. The US EV market is growing at a much quicker rate than we expected 3 months ago.



The higher the purification and performance of the graphite anode the more $ per tonne a battery materials company makes.



Either way, 75% which they already own, or this higher 100% profit share, the strategic position in this growing EV and Grid Energy Storage market that Novonix is in, is significantly more profitable than a basic natural graphite deposit. 

We can't forget the Electrolytes which doubles the graphite revenues above that Dr Chris Burns has been working on since August 2018, let alone the High Precision Battery testing equipment already bringing in $A3-4million in annual sales.

G