So when would ady or should i say rll be earning money? atleast 18 months maybe 2 years away. So what would they use to pay the bills until then?
Look at the potential earnings
iron ore 4 million tonnes pa at 75-80 us a tonne
equals = 300 to 320 million minus expenses
lithium 17000 tonnes pa at 6500 us a tonne
equals = 110 million minus expenses
To me it seems PT has done the only thing possible to keep ady afloat and to move it in a postive profit making direction
The way it was going it's like using a credit card to pay of another credit card which you were using to pay off the first credit card. It just doesn't work like that in business especially with the current financial environment.
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