Ann: Market Update, page-48

"While no projects have been cancelled – and, in our opinion , are unlikely to be affected in size or scope, there are concerns that, in the event of substantial secondary outbreaks, some projects will be delayed in order for governments to deal with more immediate health problems."

That reads like any projects affected are more likely to be delayed rather than anything else. That would mean that while this year's revenue might be reduced to a 40% increase over last year if the revised forecast is correct, it also probably means more like a 150- 200% increase in revenue for next year?

"It is to be stressed that we are continuing unchanged with our plans to substantially increase our production capacity; final determinations are being made to supply contracts for the building of the new production facility which will have an initial capacity of 20,000 tpa with the ability to double that quickly as required."

That is 20-40,000tpa on top of the current capacity. That statement points to expectations of production reaching 20-40,000tpa or more, in the not too distant future. Next year possibly?
20,000tpa would be a revenue of around $60mill and 40,000tpa would be $120mill. So next year's revenues could be up by two to three fold over this year's? Probably need to look at the possibility of a much larger, 2-3 fold increase in revenue for next year when trying to value this.

Others will stick to a long term holding and I think that should play out well from these prices but I thought that from higher prices as well. There is a very wide range of possible outcomes which should keep the sp volatile which is why I see this more as a trading stock.