if they get to nameplate by June23, that means $20m+ free cash flow each month! And ramping up to that the months before. Don’t think they need debt and if they do it won’t ve for much. $100m to build new leech plant, but that cost isn’t all due on day dot. It’ll take time to construct and commission and each month that passes $20m+ will hit the coffers/bottom line to pay the invoices as they come in.
worst case they get some debt to kick it off asap and possibly save a few months before everything is up and running… but honestly, I don’t think they should be focusing on anything else right now except getting to name plate. Achieve that and then move onto the new plant. One step at a time.
i would be very surprised if they raise fresh capital, there is no need for it when they are so close to being flush with free cash flow.
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