movement, page-9

Hey Traydor,

Going back to research reports.

The base case FY2014 sceanrio that is highlighted and gives an NPV of $1.38 is actually based on phase 2.

The revenue received is $177.9m Thats easy to work out but they didnt tell us. 55,000T x there quoted price of magnesium $3200T That equals $176m. The other $1.9 is from the ferrosilicon deal, expected $3.3m first year and $1.9 every year after (from memory)

Phase 2 for me is absolute minimum achievement and even that would see significant growth from current SP.

I will continue to add.

They have great connections, clear growth strategy and current SP is as low as you could imagine barring GFC2.