6 cent target, page-98

Phase 2 beeing cash flow positive I assume will more than cover the salaries and offices from January. If you think to July next year phase 2 has been running for 6 months so (3m profit - wages and offices) phase 4 just up and running. That hardly is going to pay the 10mil for 1mil plant plus the shipping and install. So your going to have to wait another year for cash to build up.

If you follow this growth strategy its going to be a long time before we are anything but a minnow. Mou's and JV's fall through all the time so it seems foolish to rely on a deal that we have not even been told about yet as part of the valuation of the business.

Based on that growth outline with no big news of Steel plant 5c by next Xmas could be reasonable imo so hope there is more to the storey. Also seems weird if no cap raising and no announcement why management is so worried about doing presentations to boost SP when there presumably is alot to work on at this time.