''Considering the first year's production is likely to generate around $50mill net profit''
You have got it 100% wrong since 2021 and have constantly reduced your SP outlook and will continue to as reality sets in
IMO $50m profit in first year - totally naive if you believe this - The market has this at 9.5c for a reason or various reason with all the information for DD
The price would not be at 9.5c if your projections ramping was remotely accurate
Nothing that is ever announced or projected ever eventuates at this end of ASX
Getting $10m plus for running costs in 2024 will be no easy feat
Imagine costs once production commences and who knows how much more of the pie will shrink
Last CR 22.1% discount to market and Lindsay will do whatever it takes to keep lights on
I suggest you research IDC in present climate after 13 interest rate rises and other lenders
