Ann: Preliminary Final Report and Annual Report to Shareholders, page-23

This is my fav bit of this report:

"CRAIG INTERNATIONAL BALLISTICS (CIB) & BALLISTIC GLASS PTY LTD
PPK holds a 45% interest in CIB, having purchase that interest in the year being reported.
The BNNT project is to infuse BNNT in bullet resistance glass so as to improve resistance at a lower
weight. Cost savings are potentially significant. The project is working with two separate industry
specialists seeking alternative solutions from different directions with the results that we may have two
or more new products available to market."

Yet no announcements of product prototypes or scheduled required testing? I estimate the bullet proof glass is 3-5 years away if work has already commenced.

Annnnnndddddd, from this statement we can now safely take away that the 'inserts' that were sold to ADF did not contain any BNNT.

Geez, they really wanted us to 'think' it had BNNT in them, didn't they?

Funny (not ha ha, either).