agm results etc, page-9

Thanks guys,
In all honesty the thing that encourages me the most and is the best real hope for SP rise is this from SASA

"The DRI unit at Newcastle ("demo") will be full commercial size and will handle all of Newcastle's waste liquor and furnace waste - this will be the first income flow in about 12mths - $4m the first year and $10m every year after that."

That's real income starting in 12 months. That $10m alone gives the SP a value of 27 cents a share based on a PE of 15 !

So in under 2 years the company WILL be worth 27c a share and that's concrete.

Not much? sure, but it's real and in the market real cash counts and then the blue sky gets added. If you don't believe me go look at NMS over the last 24 months. They've always had the blue sky, but it didn't start getting factored in until there was the smell of real cash on the horizon.

Thanks again guys for your balanced and hyperbole free analysis.