Ted’s response - Costs vs Revenue, page-11

Ok, so,Ted's comments on revenue and expenses are what I am basing this on.
$375k USD / month = $6,390,000 AUD per year, fixed cost. 40% profit margin on revenue generated.
If, for example, 52k AUD per day is the average revenue.
$18,980,000 revenue per year, x 40% profit margin = $7,592,000 profit
$7,592,000 - $6,390,000 = $1.2mil profit
Full dilution of Shares, options and con notes = 529,860,201 shares issued (only 486m ordinary shares, being conservative)
EPS = $0.0023
PE 20 = $0.04537 SP
Say Ted can get the revenue upto $100k per day avg over the year, doing the same calcs, 20 PE, I have the SP at $0.30, so, if this is correct, there's upside at the current price as it seems revenue is growing.
Still confused by the 2018 annual report figures, 375k expenses per month seems incorrect, or the business has changed substantially in 5 months with regard to expenses. But, I'm no accountant so have probably interpreted the 2018 annual report the wrong way, also need to consider the financial position of EN1, hopefully getting better...