re: is this not cheap; screaming buy The real kicker to revenue will be full time operations in Kwinana for the thermal retort plant at increased capacity. Currently the system is configured so that the retort can handle 1/2-1 tonne of toxic waste per hour, with a gas management system rated at 2 1/2 tonnes per hour (please go back and review last years prospectus and following ASX releases to confirm this, as am relying on my memory). TOX said that they can upgrade the retort to 2 1/2 tonnes to match the rest of the system. They have enough cash in the bank to buy an off the shelf unit with a lead time of appox 6 months???
Assuming they get at least $1,000 tonne for processing toxic PCB's etc. the revenue stream becomes $2,500 x 8,000 hours per year = $20,000,000. IF they get more per tonne the stream gets richer. Late next year the revenue stream could be running between $2,500,000 - $4,000,000 per month or $30,000,000 - $48,000,000 per year from all operations including a 30% upgrade from Port Headland and continuing tank cleaning business. Based on ASX reporting, news about several plant upgrades is due soon.
re: is this not cheap; screaming buy The real kicker to revenue...
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