Co presentation - Heard it before16 May 2019 17:12
Post fund raise and general meeting, the Company is funded to increase production to 10,000t per month within one year by: i. Opening of a new mining area; and ii. minor refurbishments to existing infrastructure; and iii. Refurbishments to the plant. • The Board believe there is a potential market in excess of 10,000t per month, with intended infrastructure upgrades to be funded through cash flow • The Board expect cashflow breakeven at a steady state of circa 6,000t of washed coal sales per month • Outstanding Lind Facility of US$983,250* expected to be repaid out of operational cash flow rather than through share issuance