Ann: Appendix 4D and Half Yearly Report, page-9

A couple of things come to mind when you see a result like this:
Dont get me wrong, it is a great result, and a giant leap forward for this company, but where was the constant disclosure? surely this sort of result is meant to be flagged well in advance?
As if we needed it, this is a huge demonstration of what an empty vessel Phil Arnall was.
Lastly, the company had a market cap ~$30mm and an sp of 3c while making a loss. If this result can be replicated, as the management suggest, that puts the annual profit at $20mm, assuming reasonable metrics of pe=10, that is a mc of ~$200mm and a sp of ~20c. Maybe the up tick has just begun? I think I might hang around and find out......