Assuming we don't get taken out, NEU have no shortage of cash...

Assuming we don't get taken out, NEU have no shortage of cash coming in over the next 2-3 years.

My estimates. (some will think I'm being conservative)

FY24
AU$210m in the bank

AU$75m - NEU's share of Acadia's PRV sale
AU$13.2m - Q3 FY24 royalties
AU$75m - $250m milestone payment (paid Q1 FY25)
AU$14 - Q4 FY24 royalties (estimate, paid Q1 FY25)

FY25
~AU$70-$75m - FY25 Daybue royalties (my estimate on sales of US$393m)

FY26
~AU$115-120m - FY25 Daybue royalties (my estimate on sales of US$535m)
~AU$75m- US$500m milestone payment (estimate, paid Q1 FY27)