new contracts, page-6

Mick,

6 months ago the plant at Port Hedland had a full order book stretching out 12 months, and the plant is operating flat out. The extra 30% will come from a plant upgrade at Port Hedland.

If you're that worried about whether a plant which is working flat out will be able to get some more business when they upgrade ..then phone the company secretary and ask.

Even if you have the most pessimistic outlook on this company, and they can't regenerate Kwinana, and they don't upgrade Port Hedland.. then they're still a profitable company, making $3m profit per year, tax credits, and a lot of cash on hand.

Personally, I think they'll be growing profits each year for the next couple of years at the very least.

Why not do some sums of your own on this one, and we'll compare notes.

Joel