pcg has one of the best profit margins its been sold down for...

pcg has one of the best profit margins its been sold down for delays, not to do with them. Its a pure long term play i.e. over the duration of this commodity boom it'll come good. Industry is a good industry, its not like its in healthcare, or consumer sector, and its not like its on a high PE.

EBIT margin ~25%, whereas MND is much less around 9%

NPAT margin is high, 18%. This means every contract it gets, nearly 1/5 of that flows to bottom line. Therefore it makes a big difference if they get some big $$ contracts, as its a small company from a low base.