RE:PHIL How will l Robex get financing. The financing structure will not be disclosed until it is finalized.
Nevertheless, Robex is in a financial situation which makes it possible to envisage that a large proportion of the necessary money will be obtained by a conventional loan. The fact is that Robex acquired the Sycamore assets out of equity; that they have no debt; that Kiniro already owns several infrastructure elements; that the site is ready for construction and that everything has been paid for by the flows generated by the operation of Nampala. In addition, Nampala continues to generate cash and this will be the case for the entire duration planned for the construction. With a POG of more than CAD $2,500, Nampala could generate ~CAD $75,000,000 by March 31, 2024. In short, this is a very favorable financial context for Robex.
Briefly, I estimate that the ground infrastructure can be financed with the flows generated by Nampala until ~June. Subsequently, the DFS will be published and will make it possible to complete the financing. From then on, the installation of above-ground infrastructures can begin and continue until the start-up scheduled for 2024-Q1.
I guess the scenario should look like this. We will see...