I agree with you that we owe Zurich A$84mil + accumulated interest which might mean we owe them A$100mil and this will be repaid either in cash compensation from the Thai Govt(how's it going Jamie?your next bonus depends on it) and/or from Chatree's quarterly positive cashflow(but we don't know what percentage they get each quarter).
Every Company has debt and even if we say that we have A$113mil(A$100+A$13 to NS) after repayment of Nebari's debt in late Jun24 then that amount is not insurmountable as Chatree should be generating A$2mil/week from the beginning of this July.
Also when you talk about PE ratios then they are calculated on an accruals basis(not on a receipts basis) so on my calculations then the PE ratio turns positive next month with the next three months figures projected to be:
March A$18mil revenue/A$17mil costs
April A$24mil revenue/A$18mil costs
May(5w month) A$33mil revenue/A$22mil costs.
Ann: Sydney Mining Club Presentation, page-109
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