company update, page-27

refreshing PDK :-)

I agree that Moolaps profits are insignificant but not necessarily irrelevant as it would be good for some clarity on the tolling part of the business. The tolling in Geelong is low margin, low volume so not surprised to see development costs cancel these out till land-fill processing starts and tinkering stops. But USA plant is all tolling, with likewise low margins but much higher volume. Some clarity on the tolling income and costs would be great. We may see more detail when they release the modelling for USA but guaranteed, when the first USA plant turns on - geelong becomes irrelevant as anything more than a pilot plant for new tech.

Let em drop the Alcoa USA contract into the mix soon and get some perspective back into the debate.