Ann: Entitlement Offer Results, page-15

Morocco prices are circa $275US per ton. Add 10% for our premium product and that gives over $300 US per ton.

At 240,000 initial production: That equals circa $60,000,000 AUD profit per year.

At 800,000 targeted production: That equals circa $200,000,000 AUD profit per year for 10 years plus.

Make no mistake, these figures are real albeit conservative.

We are on the road to glory.