I think we should be looking at 10% rate- a saving of 5% would give us an additional $9m per annum on Top of quarterly EBITDA of $7M going forward (based in 50MT per quarter). That would leave us with 30-40m per annum in free cash flow, allowing us to facilitate a gradual expansion through stage 2 and further derisking projects through economies of scale.
I think it may be coupled with ShanShan taking up capital, and possibly a prepayment for stage 2 and then we are in stage 2 production territory again with significantly more exploration land acquired from SYA. I like the way management roll here. They are no dosers. let's wait and see what they get. Good luck everyone
Ann: Trading Halt, page-117
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