1MC 16.7% 0.3¢ morella corporation limited

Investor Presentation, page-73

  1. 644 Posts.
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    If I remember rightly, the DFS did allow for debt and interest payments at the lower end of the pricing scale.

    As long as we're moving product, the bills get paid.
    I get a feeling it's like that $1 bottle of milk at the supermarket. Get it out there, bring them in, create the demand. It's the same for anything you sell isn't it and just good business sense, whether it be spod or carrots...

    I think the TAW holders are scared we're undercutting their 9:1 strip ratio mined spod AND able to still pay off debt and remain cashflow positive.

    9:1, blimey, that's 3 X more dirt to move than AJM to find the same amount of ore...
    It doesn't matter of your selling your spod at $1000 a tonne, if it's all going into moving all that dirt in the first place.

    The beauty of having a DFS...
 
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