More than a years runway on current cash burn, but, they've just submitted their first grant reimbursement. That means while there's $66mil in the bank now, $100 mil from the US will start flowing. Add to that ~$10 mil for the "sale" of a portion of mt dromedary, plus stated customer prepayment, and cashflow from Kore as deliveries commence during commissioning of Koreplex late this year / early next.
these guys know their burn rate, they know their earn rate. They have options for finance and their audited books look good enough for the US gov to hand them multiple grants and likely a big loan too...
Got to get a bit more creative... a cursory glance shouldn't be able to disprove the fud.
More than a years runway on current cash burn, but, they've just...
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63.5¢ |
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