Hi @HellerEcon so is it fair to say that each well will cost circa $0.75 M USD (or $1.15M AUD) to construct?
If that's the case, looking at the quarterly we could probably squeeze 1 well in with available cashflow and assuming a similar spend to last quarter.
Based on the conservative end of projections in the quarterly, if the plant is operating at full capacity I get a rough profit of $3.1M USD per quarter. Am I missing anything in this calculation?
Looks like it will be a closely run thing with available cash prior to producing helium. If we were to raise what is the likely raise amount (my guesses below)?
The minimum to keep the lights on while the first well starts producing prior to rolling into other wells with the profits from the first one - Say $2-3M AUD?
Enough to fund all 4 wells and provide a suitable buffer whilst we get into production - Say $4-6M AUD?
Based on this and a likely discount for a raise your 10% dilution seems about right.
Cheers
BNL Price at posting:
3.0¢ Sentiment: Hold Disclosure: Held
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