General discussion, page-3411

hey bud,do you want to do another madness as you are calculating weekly production of p2, let’s calculate how much cash we need until we go full speed.

our current production costs $22m per qtr for p2 which was inclusive of mining activities cost, let say it is roughly $20m per qtr $1.54m per week plus additional employees cost 200k per week total 1.74m. This is our weekly cost for p2

I think p1 is smaller in size and will require less cost for production plus we need less employees, say 70% extra cost $1.218m for p1 roughly

P2 1.74m+$1.218m p = total 2.958
20% mining cost 0.592m =3.55m per week full production costs

weekly cash in $2.154m (currently 28m per qtr)

we need 8weeks window to get additional cash either from mining or p1, so we need to live on existing cash flow from 8 weeks minimum, 3.55-2.154=$1.4mx8= 11.16m

Looks like we need 11.16m + admin and other costs if we start the mining and p1 at the same time and we got 24m

now look at the calculations if we start mining now and put higher grade to p2 and start p1 after 4 or 8 weeks (requires less cash)

or

start p1 now and mining after 4 to 8 weeks ( still requires less cost)

Please check my calculations too.


Note: I think we should take another 10m overdraft facility from thai bank as a safety net though we don’t need it.