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
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