pretty disappointing overall. i dont know how they are going to use KMP to underwrite dubbo financing if it's not going to make much money until 2025. maybe that ties in with the overall schedule anyway given how delayed dubbo is. binding offtakes in 2024 H1, EPCD completion 2024 Q4 or 2025 Q1, major capital raising during 2024 to fund the balance of the EPCD, more offtakes hopefully 2024/25, financing commitments 2025, KMP ramp up 2025, construction commences ass end of 2025 best case. 2 years construction to 2027 to start mining. it's a long road ahead for a company that originally planned to be mining next year.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-13
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