RE:RE:RE:RE:RE:RE:RE:RE:RE:I missed the boatThat does not add up when you use a $5.00 price and plug that into the Q1 numbers (and assuming restored higher production than for that quarter).
During Q1 PEA kicked out $5million per month in extra cash- a huge improvement. $5 gas raises that to $6.5million/month.
The loan, with all the additions, is up to $270million. There are still $120million in Payables, with suppliers clamoring. (In Q1 they used that spare cash all on reducing Payables, still kicking part of the interest to the loan principal.)
Even at $5 gas, and with all the spare cash going to loan principal and none to Payables, that will only knock $100million off the loan by the time it is due.
elducky wrote: At current prices, and locking in fixed contracts next year at just $5, they would make enough to pay off the loan. Curve is well above that right now.
They may want to lock in a few years at $5+, maybe half of production. Get them past 2025 when their sulfur revenue also goes way up.