31st Decmeber 103 mill net cash (cash exceeded net debt), plus...

31st Decmeber 103 mill net cash (cash exceeded net debt), plus the new 60 million gives say 160 mill odd. Lets assume the 14 odd million from iron valley pays for salaries and macaroons. Add in any thing they get from selling highfield.

If the first four packages cost 160 mill and this has come down to 151 million as reported, then by amateur math they have enough to keep going to the debt component at the end of the year.

What could they proeeed with 160 mill is the question - ponds 5-9? they are smaller in wall lengh? 32% of earnt contract for the jetty, the design packages for salt plant, meanwhile they wait in no particualar order as hinted for the following

- permission to fill ponds and compelte pond 1 (if they are doing this)
- optimised footprint approvals in turn allowing crystaliser commencement.
- port lease deeds etc.

PRice goes up as these happen, release revised costings and voila, enter the debt phase. IF we use 300 mill as the guestimate cost overrun they will have contributed say 300 million already, leaving 1 billion funding requirement - stil the same ration of about a third? - all very beer coaster back of envelope and caveat that I failed highschool math so dont trust any of this, jsut the way I see it.