The fork
Buy raw. Toll it. Sell the product.
Agency matches a tonne. Build locks a downstream offtake first, buys the crude, pays a mill, and keeps the spread. Three deeds, one escrow master. The member is principal. The house is still only the agent.
Build
Three-way structure
Offtake, origin, mill. Pre-order cash (or an SBLC) sits first. Surplus after costs is the wealth. Not a token. The “smart contract” is the release matrix.
01 Buy raw
VEIN-C 99.5
State minerals seller · Colombo
- Qty
- 20.000 t
- Price
- 2,850 USD/t
- Notional
- $57,000
- Instrument
- House escrow
Clean eBL + SGS assay + dual-use check
02 Refine
Exfoliation to 2–5 layer FLG ink
Toll mill · Kwinana
- Qty
- Campaign · 20 t in / 4 t out
- Price
- 22,000 USD lump
- Notional
- $22,000
- Instrument
- House escrow
Inbound weight + COA against ink spec
03 Pre-order sale
FLG-INK 2–5 layer
Conductive-inks OEM · Manchester
- Qty
- 4.000 t
- Price
- 38,800 USD/t
- Notional
- $155,200
- Instrument
- SBLC
COA + packing list + dual control. Surplus to builder.
Waterfall
20.000 t vein graphite (20% solids) → 4.000 t few-layer graphene ink. Not 20 t of graphene.
| Offtake in (UK pre-order) | $155,200 |
| Origin out (Colombo FOB) | −$57,000 |
| Freight and insurance | −$8,600 |
| Toll mill (Kwinana) | −$22,000 |
| House fees (structure + escrow) | −$6,240 |
| Surplus to builder | $61,360 |
Graphite → FLG ink
Identity is open. The structure can be drafted. It cannot be funded. Members
Who takes the risk
- The member is principal on all three legs. Inventory, yield and spec sit with them.
- The house never owns the graphite or the ink. Fees only.
- If the mill misses spec, offtake does not take. Origin may already have been paid — that hole is the builder’s, unless a processor SBLC was written in.
- Yield is disclosed: 20 t in does not mean 20 t of graphene out.
Illustrative structure. Marks and yields are a preview. Not an offtake, not a securities offer, not a promise that a Sri Lankan state seller or a UK OEM is on this book.