The usual calcs will all fail to capture what MHM is about to do...

The usual calcs will all fail to capture what MHM is about to do at this stage of development. Really, just look at our current MC - it is not based on any such calculations - we have averaged a p/e on the HOPE of earning 8mill ebit this year of over 20.

8 mill less 30%tax = 5.6mill /134mill shares = 4.1c before depreciation!. Our SP has averaged about the $1 mark which is a p/e of over 24. unless of course you want to count what we are going to do in the next few years.... so then you could argue that we are allocated a p/e which counted the first USA plant. But if you believe that then you have to then work out what we will have on the go in the NEXt few years. Have to stick at least a second USA plant of the same size in there.

The market is always right.

Current situation is that the largest market for our story is about to hear our story for the first time - first roadshow. Think about the first time you heard this story......

If you set a target based on a p/e of 8 you will end up in the rear view mirror quickly with this one and not understand why. Its a huge market (salt slag in the USA)- we have a novel solution at a price which allows "pull" factors to drive our business. We will grow as fast as we can manage in the next 5 years

all imo of course.