Ann: Commercial Production and Positive Operational Cashflow, page-23

@fnqricko if you have been following this business or company you will know their Corporate cost is shy of $1m per month + now trow Wingate debt service is circa 23m @15%/12 = $287K (this accrued so crude number but close to actual) = Circa $1.3m

$4 - $1.3m = A$2.7m cash clean at this rate (January if AR do 33.5 x 30 days 1005 x US$8600 = Revenue - total cost????)

A$2.7m x 12 run rate ($32m cash generated at this CU price and no upside or exploration success)

Add back Depreciation + interest +Amortisation circa A$50m to A$65 m EBITDA business CY23 (what value do you place here??? - then add 400,000 tonnes JORC resource plus replacemnt value of infrastructure

We understand Copper - we know the business ------ We will back DAN he follow his money and he pony's up. Dont just sell a story he put his neck on the line

DYOR