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Re: RealDutch post# 108431

Tuesday, 12/27/2016 9:22:01 AM

Tuesday, December 27, 2016 9:22:01 AM

Post# of 163761

It's also interesting that Triway's capex is projected to be the highest in 2017. $116M. Higher than in 2018 ($111) and higher than in 2019 ($94M). (Page 39, 10-Q).



Based on these figures and estimated production it appears that Triway, in all likelihood, won't be cash flow positive until 2020. Every nickel will be going to build-out the MF. Nothing left for dividends.

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