Ann: Appendix 4D and Half Year Report, page-5

Officially they are playing it safe. 200t and 50% Yield, (but after testing it in Germany likely 60% yield)

Here is a rough estimate of the expectations going forward.


Calander year 25 Financial year Q1 start to be profitable.

Price predictions,

July1st 2024 - 85c
Dec 2024 - $1
July 2025 - $1.50
Dec 2025 - $3 as they will be profitable from this point. MC around $1.5 Bill.

Sounds crazy, but one the Market starts to understand what is happening here, by then they'll likely have US Govt funding and maybe 4 or 5 offtake agreements, possibly with Dept of Defense, doesn't seem so unrealistic now does it?

Single figure buy in was a godsend IMO. under 20c was a gift, these prices are for the funds to start to trickle in before the Yanks start buying up on a duel listing