Ann: 2018 AGM Chairman's Statement & Corporate Presentation, page-3

The capacity increase will help them increase the volume of output. Ouput of 5000 tonne/annum compared to 1500 tonne/annum is a 333% increase which is great. But there is more to the story.

You need the sales to match this growth in output so that the sales receipts increase will be proportional. This is not a guarantee, look at the dip in FY2017 from the IPO prospectus where sales went from $2.00m (FY2016) to $1.57m (FY2017) "due to changes to a customer supply arrangement..."

The profit increase will only follow if sales are accounted for as above, and costs are controlled. One example of an increase in cost is the resolution 6 and 7 from the notice of annual general meeting (announcement 22/10/2018). Renumeration for year ended 31/3/2018 was a total of $175,832, the proposed renumeration for year ended 31/3/2019 is $1,576,390. Almost 900% increase - so this is going to adversly affect the proportional increase in profit. I'm not inferring anything more from this than an increase of costs by the way - costs are expected to increase.

So I don't think $1,000,000 in profits is on the books anytime soon. That being said I'm researching this one so I don't have the full story yet. I would suggest looking into more than just capacity to project profit.