Hi G.
I was going by the following:ANNUAL REPORT 2018
PUREgraphite Overview
Under the Joint Venture arrangements agreed withCoulometrics, NOVONIX also holds a Call Option to acquire half of Coulometrics’interest in PUREgraphite to achieve an interest in PUREgraphite of 75%.
INVESTOR PRESENTATION
March 2017
Graphitecorp has exclusive right to production over 1,000tpa (at its cost)
Managing directors Presentation 21st November2018
Page 9
Ownership stake
50% (with right to increase to 75% of first 1,000TPA and100% above 1,000TPA)
....
The extra 250 tonnes (25%) per annum adds up to a nice sum of 250 tonnes times $15,000 per tonne (after costs) = $3,350,000 extra per annum a nice figure each year for taking on the "call options".
This all with the cost of the plant that they are building cost factored in.
It is good news IMHO.
Regards to all Ed.
Ann: Pause in trading, page-32
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