To be honest I think it's the only plausible prediction. But, if the dfs is good, and it will be better than PFS numbers, how much will need to be borrowed?
We know we will need cash upto the end of next year at a minimum, unless they can get a deal to pre pay for the remaining off takes?
Rough numbers, June Q we used around 780k in operating expenses plus exploration, so around $2m all up. We have around 5-6 quarters till first revenue (al things going well) so looking at around $10-12m.
On top of this we need to build a $100m plant, given our balance of around $40m we will be about $70m short (take meps share out of the equation for simplicity)
Now look at the offtakes, around $50-60m revenue, locked in for 3 years, with more still to sell. All of a sudden $70m doesn't seem like such a big deal does it?
To be honest I think it's the only plausible prediction....
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