Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-63

@@Mirabiledictu1 thanks for pointing us comment re MST report (found by searching MST Access and free sign up). This was a very interesting read.

Reinforced there will be more capital raises as it will still be a number of years to hit break even. As need to get to 20+ Hadrian X's to break even.

Years 10 looks very impressive and does not include any other WAAS entities globally which should mean this occurs earlier with other WAAS entities. Financials at this point are impressive. Also assumes 300 blocs per hour and only 60% utilisation.

Bring on JV sign off and "year 10" financials ASAP.

Assume we get the JV signed and running, reinforces the company's growth rate will be 100% dictated by the ability to manufacture Hadrian X at scale.