market cap. $92m as at 20/12/2011, cash on hand $7.5m as at 30/9/2011
investment backing: Aluminium salt slag/dross recycling (infinite return) aluminium salt slag recycling plant in Geelong Australia (treat all salt slag produced in Australia, should be able to generate $8.5m ebit from Q1 next year)
first US recycling plant expect to begin operation Q1 2013, with annual capacity of 250ktpa or 25% of total US salt slag p.a. (total US salt slag=40x total Aus slat slag). Plant construction cost around $25m, government support ~$1m, high probability of debt financing for first US plant, but would do a c/r if to build two US plant at the same time. (note1: three US supply contracts signed*) *condition apply (note2: pilot plant for other tech. SPL will be implemented in first US plant)
