Ann: First Atomiser To Be Dedicated to Refractory Alloy, C-103, page-14

he did explain. The problem is the ASX. If you read through the lines its clear they submitted a $$$amount of future possible earnings. ASX has likely told him until you get an MOU or offtake agreement then take the numbers out of it.
We are seeing the watered down version. Titanium was getting us profitable in 2 years. C103 no hoops just quality check. Faster and bigger profits not from a bigger % margain just a lot more expensive. Be nice to get Boeing or Lockheed Martin to sign an MOU for an offtake agreement, that would get the market excited.
Hank is well invested and looks like management plan on erring on the side of caution so expect things to happen sooner than they say. Overall looking like a Long hold for very big possibilities. Easily a billion dollar company with 3-5years.