RE: LEAK27 Sep 2025 10:19
From the broker
Framework Agreement: Signed with CC6 to develop Phase 1 of Balasausqandiq.
Feasibility Study: Expected completion in September 2025.
Production Outlook: Zero revenue expected in 2025-2026, rising sharply to $40m in 2027.
EBITDA: Turning positive to $21.3m in 2027.
Projected Capex: $101.7m in 2026 and $73.9m in 2027.
Long-term Growth: Revenue forecast to hit $307m by 2030.
Net Debt: Expected to swing significantly with funding requirements, reaching $127.1m in 2027.