RE: Crypto is the way - hear me out27 Jun 2024 18:27
Did I blow peoples minds with my bad spelling lol. i'll add a bit of flavour...
How to raise a shed tonne of money with zero dilution
1) contact expert developers who are building a Level 3 crypto chain - apechain launching soon for example - get in touch with Horizen labs for example.
2) Create multiple BRES coins for the different end products and build a DAO to manage the crypto.
3) Get wiz kids to peg the coins to the various prices of graphite, minus 10% (this offset is important).
4) The coin is now a commodity...Bye bye Mr SEC
5) launch the coins to the public. These are effectively thousand if not millions of tiny "pre-sold" offtake agreements.
6) Spend the money to build the plant. lets do the math.
Say 1 coin is equivalent to 100kg of concentrate. $80m phase 2 costs. Current Price Graphite say £1000/t ave. so for $900 you get 10coins (that gives you the 10% discount). You need 888,889 coins to raise the $80m. Thats 88,889tonnes of concentrate which takes the plant 1.8 years to produce. very realistic timeframe....
7) the coins remain pegged 10% below the commodity price. People can "burn" their coins in exchange for the real product at any time after the plant is built, subject to availability - this is where the DAO can come in.
8) the 10% discount on the coins make them attractive to battery companies etc. You can sell your coins on DEX, CEX to these people. or simply buy and sell them as the graphite prices fluctuate in future.
9) having a coin pegged to this high quality reserve (with potential 2billion tonnes) licensed for the next 17 years or so, feels like a low risk crypto offing to me.
10) add some bonuses and early bird offers to get the party started!
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