estimated quarterly cash flow, page-9

understand I am just modelling to evaluate their future result based on the chairmans comments that they are aiming for $20,000,000 to $30,0000,000 EBITDA at full production of 17,500 tonnes which equals profit of $1715 per tonne

The interest cost based on $175,000,000 debt at 8% rate is $14,000,000 so their is a significant overhead cost to overcome.
I think the replacement cost of the Jiangsu plant alone would be over $200,000,000 so they have some significant assets