$10+ / Share

Hi Team

Slightly bullish statement but with current FR becoming a basket case for many in the US and the new asbestos worldwide with limit solutions to the problem I think Alexium fills a massive unmet need........

The world is screaming out for an eco friendly non brominated product but few are aware that one exists until now.

The following is sourced from a Wikipedia  and is a great read - some interesting points :

Many halogenated flame retardants with aromatic rings, including most brominated flame retardants, are likely thyroid hormone disruptors.

Flame retardants manufactured for use in consumer products have been released into environments around the world. The flame retardant industry has developed a voluntary initiative to reduce emissions to the environment (VECAP) by promoting best practices during the manufacturing process. Communities near electronics factories and disposal facilities, especially areas with little environmental oversight or control, develop high levels of flame retardants in air, soil, water, vegetation, and people.

In 2013, the world consumption of flame retardants was more than 2 million tonnes. The commercially most import application area is the construction sector. It needs flame retardants for instance for pipes and cables made of plastics. In 2008 the United States, Europe and Asia consumed 1.8 million tonnes, worth US$4.20-4.25 billion. According to Ceresana, the market for flame retardants is increasing due to rising safety standards worldwide and the increased use of flame retardants. It is expected that the global flame retardant market will generate US$5.8 billion.

https://en.wikipedia.org/wiki/Flame_retardant

So how much of the FR A$8.2 billion worldwide market do we need to capture to get to A$10 a share at a  P/E of 25 (Growth)

5%

Disclaimer : 301 million shares fully diluted - 30% margin - 6 beers & a pizza