margins mfc

"With a revenue budget of US$ 7 million for
calendar year 2008. Earnings before abnormals and tax were approximately
US$1.2 million in 2007 and is estimated at US$1.8 million after allowing for
royalties of US$500,000 for calendar year 2008." ie. 25.7% return budgeted

If they can go US$10 million plus (which i reckon they will with MFC) with royalties of US$700k plus (ie. 7%) they should achieve Rifici's margins of 25% comfortably for mine possibly 30%.......

I reckon MFC will account for 50% of their revenue too.