We understand you have a point.
Our point is you do not understand the business. Again please read previous releases.
Next year they will have an annual capacity of 2200T from a single product line (without any likely further capacity increases).
At AUD $40 a kilo that is revenue of $88 million, considering a margin of around 50%, EBIT $44 million. From a single product line!
Yes this assumes ANO run at full capacity, but we know that demand is outstripping supply in the Zinc Oxide market, and ANO are likely to increase capacity from this number.
Fundamentals, page-15
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