@tropic I think your interest calculations are out - the $22M comes in a little over $3m per year or $256k per month but your concerns are well founded. If LMG were wildly successful and produced 1000 tonnes of Magnesium over the next 12 months I have that as about AUD $4.2 m in revenue based on what I can see on the price of Magnesium. Just slightly above the interest bill. If the ATO pays the full $12 M applied for the interest bill comes down to ~ $1.4 M plus whatever additional the draw down on the ~ $4 M available.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-8
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