I've been thinking about the June month's EBITDA. This was our...

I've been thinking about the June month's EBITDA. This was our break through month. A genuine cash flow positive month. Very much under stated in the qtrly annc.

Best guess is $150k for the month based on est. given for the next qtr.

If we take this as a given and then assume we processed 500t pw this would give us a EBITDA return of $69 pt. If 600t pw then it is $58 pt.

At this stage we have no other revenue source.

Fast forward to the USA. 1,000,000 tpa @ $60 pt equals how much?

EBITDA $60,000,000 PA.

Say that very slowly...$60m pa...that's a shyte load of cash!

Am I missing something here?

Now we all know there are more +ves to come;

- lower prodn costs after install of filter
- lower prodn costs from a bespoke production facility
- lower prodn costs from lower US labour and power costs
- revenue from sales of AL80
- falling AUD (50c here we come)

I don't believe the story that we can get rid of whatever AL80 we can produce. We still have to come up with sales contracts to move it.

That is the final piece of the jigsaw.

How did that qtrly annc finish?

"trial shipments are on their way to china and korea"

if these are successful then its game on.