market update, page-2

G'day joku,


Overall I'm happy with the result. The last half saw a profit of $330K on revenues of $9.518M. We saw a 230% increase on the bottom line for the quarter alone with a profit of $760K on revenues of $3.004M. We've cracked the 1000 tonnes of batteries processed in March so I'd expect a significantly stronger quarter to June 07. Approvals are being sort to increase processing limits from 12000 tonnes PA to 30000 tonnes PA. Anything less than a 500% improvements in profits for this half over last half would be disappointing for mine.

Certainly looking forward to the full year results! It finally appears as if the cost issues that have plagued the company in the past have been hit on the head with profits across all divisions.

Back in the bottom draw ! :)

Cheers,
xmagx