Volume Boom, page-160

I think a reasonable 60-75 mil MC is reasonable until the approvals arrive.... then maybe 1---120M MC when the smetlers arrive, then a long hard grind to 200M MC for steady growth and maybe a dividend down the line. The fact that manganese price is rising, means the estimated 114million USD profit is out dated and closer to 200M at full til with the 8 smelters, in AUD that equates to...$260,145,700 per annum.... now whether the MC will reflect earning multiples of that i don't know.... and if they pay a dividend in the next few years, watch out as investment funds buy in.