roadshow preso with phil thick, page-20

I too missed your post Macduff

Could you re post the items .

Interesting last comment on FR dismissal/resignation after the letter .

As far as Geelong profit is concerned I calculated some numbers over the weekend based on production being capable of maintinaing itself at 600t and completing the landfill over a 24 month processng period .

I cannot see any more than 2-3m EBIT , and at 600t for a max of 7-10 years when all the backlog is removed , no where near the 8m forecast by FR and BM .

After the backlog is gone it is break even at best USA is the only country capble of having enough product to sustain the type of revenue one would need to justify a PE of 10 .

I still cant believe , there is still no annual report or even preliminary ?