Ann: Ivory Coast Milestone Reached and Next Payment Received, page-11

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04/06/21

13:50

Post #: 53650969
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Originally posted by Relax1: ↑

Approx $80 million USD ($105 million AUD) received now out of approx $182 million USD ($238 million AUD) total. The construction stage in still in the beginning stages, probably around 18-20 months left of construction with some COVID delays thrown in.
There is still around $102 million USD ($133 million AUD) in payments due over this phase, but there will be similar outflows, as this project only has an 18% gross margin ($32.7 million USD).
What I will be looking for in 2023 is the possibility of winning an O&M contract on this project.
This is the type of recurring revenue the market likes and could be something in the range of $12 million USD a year for 20 years.

I have based my figures on the initial project win reports that had the Ivory Coast project valued at approx $182 million USD (€165 million euro).
Due to the strength of the Euro vs USD the project is now more valuable in USD with an approx $190 million USD value.
This is potentially better for us shareholders depending on the strength of the euro over the next 2 years and the timing of payments but will fluctuate.

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I love you for all your visual posts (if I may say so...lol)....Whenever I read them and others I get so excited, I can't sit still....When we finally get to be famous our holdings will be so green they will surpass and squash and annihilate all the other reds next to them.........bring it on!

FLC Price at posting: 21.0¢ Sentiment: Buy Disclosure: Held
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Ann: Ivory Coast Milestone Reached and Next Payment Received, page-11

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Ann: Ivory Coast Milestone Reached and Next Payment Received, page-11

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