TAFTA is due to expire this 30June and probably won't be extended. If there is no cash compensation coming from the Thai Govt by the expiration then Zurich will be paid from Chatree's cashflow which should then be generating around $2mil/week in positive cashflow from July24 onwards or around $26mil/qtr so if they were to pay 30% of this surplus cashflow to Zurich each quarter or $8mil you'd be reducing the debt by $32mil/year before that year's interest so you'd be getting close to paying it off over three years. Sounds feasible but we await the details.
Ann: Sydney Mining Club Presentation, page-142
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