$1.14 and a bit of volume., page-3

Loki you say you know nothing so here you go.

The JV is more than capable of earning an EBITDA of $250m at Long Term Forecast mineral sand prices.

Those prices are in the wind and blowing our way.

Morgans at their last research note forecast a profit this year of 26 cents and 40cents next year.

If that happens we will fly past $1.50 and $4 probably won't even stop us because we will get back in the all odds and then the top 100 and then the top 200 and Institutional fund managers will be covenant driven to get their share.

"Buy now"

The opportunity is disappearing fast.

"Sell when others are greedy".