Ann: Noosa Mining Conference Presentation, page-5

Regardless of management's remuneration, MMI's fundamentals have never been better.

The expansion project has de-risked many operational elements of the business and will allow MMI to achieve significant economies of scale, boosting margins even further from where they are now.

The key now is execution. MMI has done a stellar job with production this year and should be able to carry this forward once the expansion is finalised.

Within a year MMI should be able to pay down most its debt and be in a position where they can produce around 100 million EBITDA a year at least.

It has to be one of the most attractive opportunities on the ASX. IMO the current share price reflects the general uncertainty and aversion to risky investments in the market right now. I'd actually argue that MMI as an investment right now is not high risk.

I do think Simon's remuneration is excessive, but he has almost surely saved the company from insolvency.