yes I didn't use a calculator or an excel spreadsheet so thank you for your calculations.
couple of things...
"cost of water in any case is not $450/ml". only a few years back in 2016 you could buy water at $13 per meg!
water is trading at $970 plus per meg depending on broker. I hope they have extended facilities because water is only going up. accounts need to be squared off quarterly so expect a panic to $1200/ml by Christmas.
keep in mind they will underwater to keep costs down and in doing so slash their revenue.
it's a death spiral and the share price today is proof.
The final nail in the coffin. Water., page-5
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