FY23 P&L prediction, page-23

A lot of patience required here in my opinion. As the above post shows they only generated $7mil in cash for FY23 and that's before the $23mil dividend that was declared yesterday from FY23 profits. They will need to put aside at least $75mil/pa from cash generated from the two open pits to finance the UG Capex for the next four to five years as the UG development won't be generating positive cashflow before FY29.

Disc: I've eliminated my small token shareholding from my Position below in case it gives the wrong impression. I will re-buy if I think it represents value again.