I'm assuming that means you don't agree?
It's pretty simple maths
Year 1 revenue 1074T @ $60.50/T 70% payable =~US $45.5mill
Year 1 opex 1074T @ $36.30/T =~US $40mill
EBITDA ~US $5.5mill
Not sure what interest, royalties and other costs would be but I would say lucky to be cashflow positive.
After year 1 they order a second module for US $53mill to be operational for the start of year 3. With what money do they pay for this?? And people wondered why this was dumped post SS release. I don't, 5 minutes and a calculator is the reason why.
When/if the FS is released I suggest you have your calculator ready to go
General Chat / Discussion, page-3864
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