That's good buddy. Good Start. But I really would like to bring it back to the immediate near term cashflows. And the Guy is obviously scared for some reasons. scared about missing out for some reason.
So we've already talked about the FCF figure of $Canadian ONE Billion For the FIRST 5 years. So that's over $200 million aussie in each of those FIRST 5 years. And that's ' FREE ' cashflow. After ALL the CAPEX required .....In fact that's everything forecast and budgeted that is required to sustain this operation.
And that's before the recent $200 million raised .....and even if you take off the $50 million that was set aside for Moblan , we are STILL $200 million FREE on the NAL operation for YEAR 1.
Now add FAST forward to just the next 8 weeks or so. We have potentially 30,000 tones of the FIRST shipment being sold at market prices of no less than US$3,500 per tonne. That's nearly A$160 million . We then have Piedmont owing us well over $30 million now for their share of costs PLUS arrears of accruing share of costs they haven't yet stumped up. So there's closer to A$200 million right now PLUS the $200 million raised , that's now $400 million in COH or 4.0 cents per share ' Head Start ' towards that END of Next Year $200 million in FCF.
So forget about the Acuity ATM facility , or the increased letter of credit facility , payment form IQ for its 40% contributions on Moblan ( because we're netting that off right now for the purpose of this discussion ) , or even what we still have in cash at end of June after deducting the Moblan $50 million balance. That $400 million in 6 to 8 weeks time is just the COLD hard cash of the reality check of where earnings are in fact going. And the FCF figure in the NAL DFS tells you that.
So my main point here is that we don't have to wait a year to find out how we are tracking , as the FCF starts right NOW .......And that is where the proof in the pudding lies. Sure , we have to prove this with Quarterly data , but it's potentially that FIRST payment which kick-starts the ENTIRE earnings profile. All the while we need to ' prize ' that 25% balance owed by Piedmont instead of actually ' carrying ' them every single quarter.
So show us the cash KP....ya know....your'e share.....
Else we might just have to ' Contra ' off your share of the proceeds of the FIRST sale to a loans receivable account set up just for you. How bout Sayona commission some consultant to look into the JV , and whether we're actually getting paid what we're owed. That would be best practice right ....
(20min delay)