Ann: Senior debt syndication to Sequoia and CBA, page-8

you didn’t answer the question
LOM royalty for two months ?
just facts , you should face them and worry less about punctuation and more about math .

Can you calculate the debt and equity yet ?

when you work that out do the mass balance on what you will need in Hectares of ponds to meet your production target ?
when you do that please come back and explain how it is a three year payback