Ann: Change of Director's Interest Notice - Puzey, page-4

if anyone can offer some answers appreciated.

Gingin - Of the approx $10m capex cost I note there is about $4m cash required to complete, does that include the $2.7m as per recent quarterly report? At worst it seems it is still only a quarters worth of current receipts in value from existing ops.

Tonnage - Of the expected capaciity of 150,000tpa how much could one reasonably expect to fulfill, is it a simple case of "build it and they will come".

Once the Gingin facility costs go through i'd imagine by my calcs output would need only require 55,000tpa to turn a profit. Assuming similar opex costs as per currently, and financing costs. Top line we get to $32m in sales, I trust the MC will adjust in time.

All IMO DYOR