th: funding ann, page-15

6 similar sized campaigns. So this year csmpaigns will be 250t. They've already prove that they can ran a csmpaign of this size, now they're trying to show that they can do it consistantly.

Interesting comment about how HAZ as a whole will become profitable from the next campaign. In anycase, ATC should be fully funded for this year.

ATC should have $8.8m. That's sufficient to run a 250t campaign. I think the $4m loan will be used to enable purchases of feedstock for a following campaign to commence before payment is received from a running campaign. So that they can run campaigns without waiting for feedstock to arrive.

Interestingly enough, this would mean HAZ would have around $7.5m cash after their last raising. This is the amount required to buy out our partner in ATC.