sydneysider .... many thanks for your back of postage stamp calculations, appreciated, please dont take me the wrong way, after all, more than 20 years in the Industry & a TAFE qualified accountant, I think about some of you assumptions.
You stated ....
Set up cost and OPEX paid in advance for 3 months = $3,828,000.I humbly ask, why would you pay the CREDITORS three (3) months in advance?
Looking on my Accounting Packages, I have never paid Credirors in advance. Why should we do that?
Does not OPEX come into the Balance Sheet as either Current & or Non Current Liabilities?
Regardless, MGV appear to me to be sitting on a real "Cash Cow".
Cheers to ALL
PB
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