The EBITDA from the metallisation processing will be much higher...

The EBITDA from the metallisation processing will be much higher and not as capital intensive as the mine. I have been of the view for some time that the value of the intellectual property on that side of the business is a massive asset which has not been properly realised at all in the cap of ASM. The next 2 years will see this become more apparent as the revenue begins to flow. Demand for this improved process will be very extensive once it has proven and demonstrated itself on a large industrial scale.

The first revenue figures will be published in the next quarterly figures for the first small plant taken into production. (The trial plant I think converted for production).