Can Tigers Realm Coal Limited’s (ASX:TIG) Debt Pose A Serious Problem For The Company?, page-6

The short term issue is will current cash last until revenue starts to flow? In my opinion it will for the following reasons:

-Cash @ 31st Dec..................$17.1 mil
-outgoings Mar Qtr...............$5.6 mil
Cash (est) Mar 31st...............$11.5 mil

-outgoings June Qtr..............$5.6 mil (say similar to Mar Qtr)
-cash (est)...June 30th..........$5.9 mil

-outgoings Sept Qtr...............$5.6 mil
Cash Sept 30th......................$9.6 mil (and we are cashflow positive)

Income July 2017..................$9.3 mil.....( say 100k coal @ $70 USD/ton & exchange rate of 0.75

IMO, roadmaking will have similar monthly costs to mining and the current mining crew & equipment
will likely be deployed to making road 12 month useable come the breakup.

From Sept Qtr we should see a dramatic lift in cashflow. In the nearer term strip ratio is a low 2:1
and cash production are very low and as we get into the veins that quality as well as volume should also lift.

With over 600 mil tons of predominantly coking coal, this is truely a tier 1 resource, IMO.

In the interim, the company should pay some attention to TIG's liquidity on the ASX which, to say the
least, there is a very low turnover of stock. Perhaps a monthly market update (better information flow)
would do the job.

The SP needs to reflect the true value of the project; otherwise TIG is vulnerable to a cheap buy out, IMO.