Ann: Purchase Order From Leading Australian Dairy Manufacture, page-14

So, still to come is the following:

OptiFlox Mark-2

Test work underway at additional Peabody energy sites;
Test work underway at a further two sites operated by major coal industry participants;
OptiFlox Mark-2 to be installed with a second existing customer in the dairy industry.

So I can see a further minimum 5 installations of OptiFlox Mark-2 before year end. This would equate to annual revenues of between $2.45m and $2.8m.

Then there is the statement by management that value of Zeehan Slag Dump to be realized during 2007 - management discussing production optionality.

Surely we will see a MC of at least $30m (6 cents per share) based upon achieving the above.