Doing some very basic very conservative math: the first 4,000 units supplied to BNZ is worth a minimum of $1.5m p.a. to Mint. Assumption: 4000 units @ $10 profit per each =$40,000. 4000 x $10 p.m (fees) x 12 = $480,000 p.a. 4000 x $2000 p.m. (micro bus. Turnover) x 12 = $96,000,000 x 1% = $960,000.
Imagine a 5% uptake of MYOB clients: but being conservative assume 1% next year. That’s an absolute minimum of $5m to the bottom line p.a. as annuity income.
Time to top-up.
Cheers XanaX
MNW Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held