Ann: Quarterly Report, page-40

Cash at end of Q4 2021 via 4C is $6.785M.

At 8c SP the MC = $133.46M - $6.785M cash = $126.675M / $4.08M run rate via Q4 2021 4C = x31 multiple.

FY2022 revenue is forecast at $21M. $126.675M / $21M = x6 multiple. Appears to be at least x5 upside the next 12 months. Historical multiple is x40-44 so could have more than x5 upside.

Cash = $6.785M + $7.5M via CR = $14.285M - $4M PWG liabilities/debtor finance = $10.285M.

They plan to use about $1M to fund PWG CapEx. Will be used to acquire/set up Brisbane warehouse.

Capital expenditures (CapEx) are funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technology, or equipment. CapEx is often used to undertake new projects or investments by a company.

So that leaves about $9.3M cash for daily operations / $1.2M average cash burn per quarter* = nearly 8 quarters or 2 years of funds.
*Cash burn will reduce as incentives such as free storage etc finished 30/6/2021. B2B/DTC will also increase revenue.