BEZ REVIEW, page-430

over 3 months and 1 week since they told us they would send the 9.8m, over 4 months and 1 week since we were actually last paid the 10.6m. Doing some quick addition it would take 7.5 years to get our full 300 million if we calculate at the rate of $10million every 3 months, for an average of $20million every 5 months we get the number 6.25 years for the full payment. my concern here is would that not mean that they need these gold note buyers to then hold these gold notes for at least that time or until we are in full production which could take longer than the funding itself. If the buyers of the notes were to try and take the profit from the gold notes before this period of funding a full production mine is up and running how are quantum meant to actually pay them as even a handful customers could amount for huge payments if gold goes up a huge amount over the next couple years? I guess they may be using money from their other businesses to pay for them but that would be an interesting business model to say the least. I will say quantums revenue was decent at $400 million rm for 2023 but net income was a different story. their margins are getting substantially better from the looks of it though it will be interesting to see their next quarters performance as the company has to make a lot of money to be able to pay for people taking profit on gold notes on top of the remaining part of the 300million they are said to pay.