Not correct.... Formula of the All-in sustaining costs or AISC:...

Not correct....
Formula of the All-in sustaining costs or AISC: All-In Sustaining Costs = Cash Costs (including by-product credits) + Sustaining Capital + Exploration expenses + G & A expenses

What non-sustaining capex? Things like Blue Spec will need funding but that is 12 months away since the FID has yet to be announced.

The only thing you can rightly be stating are the debt repayments ($8M principal + interest expense per 1/4 as stated by DR in the interview) which on current terms take up the bulk of the profit at the moment (but still leaves about $2M free cash on guidance numbers)... hence the restructuring of the debt to provide the funds for expansion.

Although I can agree CAI doesn't "have a ton of money in the bank" the 1/4ly reported $9M in cash. You are giving an unbalanced appraisal of the situation.