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old man river

06/02/22 6:49 PM

#9840 RE: Ga-Pro #9838

Bang on.

No capital funding means no revenue.

The Nantes project has in the best case a year away from completing the terms of the MOU followed by a year of shopping the project around for project finance. This would be followed up by a year of construction for a 100 TPD plant. So, at the beginning of year four would real cash be generated. Between the start up hiccups and repaying the debt with interest, maybe in year five might the JV be able to distribute cash to its owners.