6 cent target, page-92

don't think out of cashflow they can order that much... cashflow being generated on the first 200kt plant will be profit margin of $30/tonne... being $6m... we still then have to cover overheads/running costs etc from this also....

add in magnis finance payments or maybe convertible notes, (based on the CR note to repay debt and order plant), pay for feasibility on pellet plant, steel mill feasibility straight after, and probably field costs on the mines we possess for resource estimates etc.... along with any other application etc for future upgrades we have to pay for...

the next plant will cost roughly $2m AUS.... doesn't leave much spare change out of current cash on hand and options money... won't be out of money, but, not sure we could ramp up any more (without risk) if we didn't take onboard finance assistance in some way, shape or form... i hope we do take on some assistance.. other hope not, but, we can't do both...