research & resulting questions, page-2

Hi IP, will add one thought to the first question on what MHM do with the spare capacity once the landfill is sorted:

My thought is that they will ramp up the Aluminum oxide part of the operation - they have mentioned in recent announcements sourcing NMP from outside sources, treating it and on-selling. Up until this point it has been viewed as the wildcard factor in changing our profit numbers as we produce it as a by-product of ALNAK and have yet to factor in it's value fully (waiting on contracts). While running at full tilt there is no point bringing in NMP as there is more money putting the landfill through.

However if there is capacity spare and they have these contracts then they can bring in outside NMP to process.. - Basically it is worthless (we can source more for nicks and be thanked for taking it) and process it to a form which is valuable.