Ann: Dividend Policy, page-30

" the inventory energy in credit is massive .... how many energy free tonnes of ferrosilicon is that?"
According to Adrian Low, inventory = 2 years with 18 furnaces at full production for 2 + years.

Yes, very few investors realise this. The power required for silicon metal is 13,000 to 14,000 KWh and is produced at 2,000 degC. The main cost of producing silicon metal is power cost as quartz costs only US$60/tonne. The power cost per Si /tonne is US$500/tonne.
Adrian did mention in the webinar Post #:66124135 that even when the 2 extra manganese furnaces are built and then when 18 furnaces are operational then there is enough power in the inventory (already paid for) to run at full capacity for 2 years at least. Then OMH will consider doing a heat recovery project. With so much power already paid for then OM Sarawak will be extremely profitable going forward.
When the Tax payable is finalised there could be US$20 million for a special dividend ie 4c/share.