mhm, page-22

Thanks erichmj, I noticed that figure myself but just wanted some confirmations as that announcement is around a year old.

One more query if you don't mind. I prefer to do my own number crunching rather than rely on someone else's, but I couldn't help but have a look at this poster's thoughts on another website...

tahpot - ASF
November 13 2010

"To calculate earnings use the figure of $430k / tonne of aluminium salt slag processed (derived from recent announcements)...Currently processing 33ktpa in Australia, so earnings are $14m (although MHM only get 60% of that at the moment)."

Now up to this point, I agree. 60% of those earnings would give the NPBT of $8.4M. Then the poster continues...

"Quite likely that within two years they will be processing 500ktpa = earnings (not revenue) of $215mpa."

The poster believes this is a 'quite likely' scenario, however how confident should one feel in production ramping up so substantially (~15 fold) within 2 years?

Do management have a mapped out plan for expansion, or are they hoping to sign deals along the way to bolster the value of the company?