🕐15.06.09 - 06:56 Uhr

Korab Resources Ltd [KOR] - Profit target update



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Korab Resources Ltd [KOR] - Profit target update

Korabs wholly owned subsidiary, Geolsec Phospahte Opertaion Pty Ltd is aiming to commence production in 2010 with a targeted first year output of 10,000 tones p.a.

to generate a projected pre-tax gross profit of around $3 million.

It will be targeting a 2nd year profit of $8 million, and $11 million in the 3rd year of operation.

This represents a targeted gross profit of $22 million over 3 years commencing 2010 .

Subject to there being no capital dilution and to meeting the targeted sales revenue and operating expenses, this revenue stream represents a potential gross profit of 32 cents per share over 3 years commencing 2010


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