ANN on 4th MAY... not sure what the issue is with many saying...

ANN on 4th MAY... not sure what the issue is with many saying the Moolap plant is incomplete. As we enter Q3 2011 they expect to ran a full capacity... nothing has changed according to Management.

Expect good cashflow this quarter from Moolap, yet not full capacity until Q3 as reported. Plus all ALU Coys on 30 to 60 day terms of payment. So cash in back on all 18 mil revenue from this plant 4-5 months away IMO. Yet this is nothing compared to a USA deal announcement.

>>AUSTRALIAN ALUMINIUM OPERATIONS RAMP-UP
MHM?s is pleased to announce the commissioning at the Company?s salt slag processing facility, located near
Geelong, Victoria.


Aluminium salt slag is a by-product from the secondary aluminium industry, which is produced when aluminium
scrap is re-melted. The trend of western world regulators including the Australian EPA has been to cease
providing permits for this practice due to the hazardous nature of the material.
MHM?s technology yields significant environmental and economic benefits including the elimination of salt slag
landfill. The MHM technology separates the salt slag into its individual components of aluminium metal,
aluminium oxide, and a salt and potassium chloride blend. All of these commodities have commercial values
and the process results in no residues or by-products needing disposal.
MHM holds perpetual exclusive global rights to this technology.
MHM acquired the Geelong facility from Sims Aluminium in January 2010. Since that time MHM has built a new
salt slag processing plant, an aluminium dross processing plant, and an aluminium oxide processing plant on
this site. The dross plant has been operating since January this year and both the salt slag and aluminium oxide
plants are now in the commissioning phase with production planned for June this year.
MHM processes 100 per cent of the salt slag produced in Australia under a contract with a subsidiary of Alcoa
Inc. Additionally the Geelong facility processes aluminium dross and non-salt slags for Sims Metal Management
Limited. The facility will ramp-up to processing 60,000 tonnes per annum early in the 3rd quarter 2011
processing material received from Alcoa and Sims, and through the reprocessing the Alcoa salt slag landfill. The
salt slag landfill process will recover aluminium, aluminium oxide and salts, and upon completion will be
returned to pasture.<<

The rest of the ANN goes on about entering the USA market with 1 million ton reprocessing available each year.

We wait for this primarily... not the profit from Moolap of only 8.6M pa. Who cares in relation to what the Coy could be worth with the expected 250,000 T pa reprocessing plant in USA in a multi JV, purportedly.

Cheers...