government grants and incentives, page-49

Supermapes , to be fair LRS have not forecast profit.

LRS has been able to achieve what they suggested, in fact far better and have a market cap of around $30m , yey have had support from instos and a chinese billionaire invest 8m and wishing to invest another 35m just to get an earn in of 70% on what I consider to be their third best minign asset in the region

More imoportantly in respect to this forum , MHM , and how I would place valuation on the technology , this will be in my opinion on forecast earnings once they can be determined realistically .

At his point in time it is failrly reasonable to say Geelong may reach $8m , the US unknown , and as you would know a valuation has already been placed on the technology at the outset when Frank abd co were issed their shgares for vending in the sims deal with the technology, i believe at something around 4-5m

At this point in time this value has already returned the vendors 10-15 times , so in my MHM is also a blue sky mine.

If however like LRS and others the mine does return revenue that is profitable , 10-15 times that profit is reasonable

So if MHM can get to 20m profit that is sustainablke over a 20-30 year life , with no other technology superseeding it, or problems arising one day it could be worth 300m , i have always granted this possibility Super .