currently 11 jobs on seek for red river, assuming 1-2 are purely refills ie attrition being replenished the other 8-9 are looking like "new"...
the new toles at say 150k would be another $2m drag on cash/profits.....
if you assume royalty is no more (excluding the favt we still have to pay the cash out but accounting wise doesnt appear in p&L) they are merely muscling up in the absence of the royalty costs going forward...
with bakers creek also almost finished, there should be at least $5m cash coming out of that for the quarter to keep the new headcount going for a while...
im seeing a real "gear up" here boys, I know skeptics will disagree but its looking all good for liontown work and Metz potentially.....good things to come no doubt...
and if they draw on the debt facility, good on them, go for it!!!
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- Ann: Annual Financial Report - 30 June 2021
Ann: Annual Financial Report - 30 June 2021, page-388
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