Nice summary TTC.
In fact MHM own 100% of the Moolap plant. There are 2 contracts in place for processing of slag
- sims - 100% of profits to MHM
- alcoa - 35,000T or so of slag per year, $300/T paid by ALcoa. 60% of profits to MHM with right to buy out the other 40%
- and a massive landfill of Alcoa's to process after upgrade complete.
No surprises what will happen when Alcoa seniors get off the plane in October, see their dumped landfill (soon to be illegal to dump) being processed and actually worth money!
:)
mhm - no brainer of the year, page-3
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