simple number crunching

Its these type of numbers that attract me to MHM.

Phase 1

Access to Alcoa landfill containing 160,000 tonnes of Salt Slag, including between 16,000 and 32,000 tonnes of aluminium (to be processed over 5 year period)!

Anticipated EBITDA profits of $230,000 per month during upgrade, increasing to $8.6 million per annum at full capacity!

This equates to $43million over 5 years or approximately 35 cents per share.


Phase 2 - If the technology is prooved succesfull

Alreco has received keen interest in two processing facilities in North America with a combined capacity of 400,000 tpa! This capacity of course is 2.5times the size of the total Slag pile size of their current project every single year

On a similar profit margin that would equate to $127.5million per year EBITA or $1 per share per annum.


Conclusion:
If this current facility is upgraded an operates as expected, then MHM could invariably looking at short term contracts from North America that could potentialy value this stock at anywhere between $5-$10 (5-10 earnings) within the next 12 months. If they secure even more contracts beyond this, then well - you do the maths.

IMO
DYOR