Ann: MEDIA RELEASE H1 2022 NPAT USD60 Million UP 231%, page-106

"Its not just the cost to convert the furnaces, its the profit that was foregone during the conversion."

This was pointed out to management at the start of the year, the profit foregone would've paid for 2 and possibly 4 new furnaces.

"Surely the profit from ferrosilicon is currently more than US$1,000/tonne in any market which at the rate of 4 x 68 tonnes/day/furnace would equal US$100 million profit over a 12 month period. Twelve months is what OMH states it will take to convert the furnaces before they're operational again.
Surely it would also be wise to look at using the US$100 million profit to build say 4 x new furnaces. 2 x Silicon metal 2 x Mn alloys."

Maybe the way I've done business over the last 40 years is different to what they think.