Based on the information available:
- Atlas Mine Cash Flow: Atlas is projected to generate a cumulative net cash flow of $20 million within 12 months of production and $60 million within 24 months, as per the December 2022 revised cash flow report.
- Yandanooka Construction Timeline: Assuming Atlas begins mining in June/July 2024, this projected cash flow suggests $20 million could be available by June 2025.
- Funding Strategy: This $20 million could potentially be used as a starting point for Yandanooka construction in June 2025. Additionally, a small, rolling debt facility at a lower interest rate (assuming interest rates decrease in the next 12 months) could be used to supplement the funding.
- Company can also delay start of Yandanooka by 6 months to have 40m Cash available from Atlas to avoid or reduce debt funding.
Uncertainty:
- Commodity Price Fluctuations: A key unknown factor is the commodity price in October 2024 compared to the assumptions made in the December 2022 report. Fluctuations in commodity prices could impact the projected cash flow from Atlas.
Conclusion:
While the projected cash flow from Atlas appears topartially support Yandanooka construction funding, the final funding strategywill likely depend on the actual commodity price environment closer to theconstruction start date.
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