So we made 4.5 million free cash in the last quarter
Nearly all that from one operation
Let's call it 16 million annually (each we spent it on development and interest)
With a 20 buck margin on the export off take that's another 13 million
Let's say the eskom from roodekop gives us 8 million more
That's over 35 million free cash per annum that will be getting churned out 6 months from now.
And an investor can just ride that for 15 years with current assets. Do nothing else.
It's not bad really. Just gonna be 6 months before they drop that divi cheque in the mail
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Will Souter, CFO
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