Replies to post #30350 on Southcorp Capital Inc (STHC)

[beyondfruit]

That's great news. Ameca IMO will want to have all off-take agreements done 4-6 months before production starts.

[Squirrely_McShitty]

That is good news. Anyone know offhand the approx revenue ofrom15 tonnes of high quality graphite?

[crossball]

Offtake Agreement FANTASTIC UPDATE AMECA MUST BE WORKING BEHIND THE SCENES AND HAVE FOUND THAT THE GRAPHITE IS NOW EASIER TO EXTRACT, HENCE THE THE NEW TIMELINE
The Company also wishes to elaborate on its arm’s length offtake agreement with Ameca Ltd. (“Ameca”), previously
announced on September 30, 2020. A revised agreement was signed on November 5, 2020. Production in Sri Lanka
may begin as early as the summer of 2021. Saint Jean intends to pre-sell at least 10,000 tonnes of the highest quality
graphite in the world, verified in Saint Jean’s R&D facility, to a third party and never take physical possession of the
material. Ameca and Saint Jean have agreed on a formula of profit sharing on all sales. The intent is to sell the entire
15,000 tonnes of graphite under the Company’s offtake agreement with Ameca. Ameca’s planned initial production is 15,000 tonnes per year.

[surfkast]

LOL!