Ann: Biochar agreement signed with Renex, page-15

Market still isn't convinced on Magnum , and that flog who sold after the CR has not helped at all .

On a brighter note though hopefully Neill will be able to sign a partner of some sort , this could be the start of a rerate for MGU , its a steal at $15 mil market cap in my opinion .

Im really curious to see some figures on the Bio Pci , if it's any way profitable then MGU should be in for a decent bounce .
The big question is though will it be feasible ? , what will it cost to produce and how much can they sell it for .
Even if they can produce half a million ton's a year and make $100 profit per ton then that's 50 million a year in revenue ( before tax ) or $500 million in revenue over 10 years , based on that alone the company should be sitting at $150 - 200 million market cap .
Even if MGU break even on the Bio Pci production its still a positive in my opinion , they will have a steady supply of Bio Pci locked in for the Pig Iron production , surely this in its self is a major de risking for the company ?
And i havent added anything for Carbon Credits or State and Federal grants or loans , im sure this is something they will be looking into once the board have more data to present .
Any just my 2 cents worth .