Ann: Quarterly Activities Report and Appendix 4C, page-4

Government grants made this 4C look good, only $217k operational loss...

Minus the government grant we require revenue generation to double to be break even at an operational level... Off such a low base though this is highly probable within a few quarters with so many leads and irons in fires... It isn't that often that you change a floculant/coag supplier, their gear must work... Also there is a considerable effort required in trialing systems for free, not to mention the costs of doing so - once a major company signs up though big chance of snowballed uptake within other sites.