CEO speaks about Near Term Mining and Financing, page-34

Great interview,

Can I say the interviewer was terrible though. I found him so hard to follow.

MQ on fire, and great speaker.

Looking forward to this;
- Early Mining Initiative - 8-12 months of Production that isn't modeled.
- CAPEX 70 Million AUD Tier 1 Finance - 3-4 months to be sorted. Interesting to see how this modelling plays out, early mining initiative could be critical in the debt funding. Imagine $500-$800k in free cashflow. We borrow 60 million AUD and can service 10% interest rates easily with that production. Looking less dilutive!
- U308 - Bird Reef, Exploration target 12-16 million pounds. Market value - $40 USD per pound $480 - 640 Million. Not a bad AISC reducing credit.

Imagine if Uranium went to 80-100 USD as it did back in 2008 Then we are looking at over 1 Billion inground value for a secondary resource.