Ann: Quarterly Activities Report, page-17

Altech already has a feasibility study and is currently valued at around AUD 60 million.Altech's production facility in Malaysia is designed for up to 4,000 tons of HPA annually and is expected to cost $ 280 million.According to Pre-Feasibilty, FYI's project could be even more economical than Altech's.With double capacity, investments are significantly lower.Operating costs are also lower than Altech's according to pre-feasibility (see FYI's recent presentation at the Annual General Meeting).The net present value (NPV10) of the FYI project is $ 863 million after tax.The investment of an estimated $ 180 million could pay for itself within 3.1 years.