2.85 tonne of oil for US$8.5M
85 tonne of hardwood needed to make 2.85 tonne of oil
Purchased growers wood for around US$100k per tonne
Add the cost of processing wood into oil and it would seem this is a loss making excersise.
How can we be excited about selling product at a loss or at best at cost?
Based on cash on hand at end of May, a burn rate of over $10M per month.
Possible put option, together with interest payment soon
When do we think we can see the first quarter financials to see where all the money has gone?
2.85 tonne of oil for US$8.5M 85 tonne of hardwood needed to...
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