Ann: Trading Halt, page-8

With the pull-back in price we saw last week, it would seem as though it will be a fair bit of script in the deal around the current price. (Just a guess)

Hard to say what price we are looking at as current demand for the HOPG graphite they have is only around 30,000-40,000 tonnes per annum.

However if we do a rough estimate and say they supply 5,000 tonnes at $25,000 per tonne after costs when McIntosh comes online (market price is around $30,000 a tonne according to HXG management).

This gives us $125 million in revenue. Current market cap is around $50 mill, so insert your price here... (north of $1 IMO)