The Japanese are still testing, annualised orders 10k, but we...

The Japanese are still testing, annualised orders 10k, but we are currently drilling in the Eucla Basin.
However the one bright spot is the promise of Perth. There is a lot of interest and within 1-2 months we will expand the Perth pilot plant to 20-50 kt/yr to meet demand from the ceramics industry. This should put MSC into a small profit situation. The pilot plant will cost little to expand to that capacity, while we will have plenty of money to spend.
I see real upside in MSC over the next 3 months.