Ann: Quarterly Activities Report, page-9

If their aim is to be shipping 4 million tpa by early next year (5 - 6 months time) then annualized revenue is set to go up hugely. Accepting some of this will be third party IO so our revenue will only be part of the equation, could it be that we increase revenue to in excess of $400 million. This is certainly a huge step forward from just doing 6 loads per quarter from Iron Ridge.
You'll notice we also paid over $9 million in tax, so when added to the capex of $25 million it looks to me like (if you deduct the $11 million drop in cash) then we had an operating cash surplus of about $23 million for the quarter which would make for $45 million for the half. That's a great result. It's a very healthy operational profit.
It's also great that we banked an extra $14 million early this month so we have $91 million in the bank. Given we pay out around 50% net profit as a divi, and tend to also hold around $60 million in cash, the current figures do seem to point to a lift in dividend. It's not long to wait for the final figures.
This company is definitely on a growth path.