I have been maintaining that our harvest will likely be worth $50 mil odd over the past 3 months, so let us revisit the likely scanario now:
DL offtake :................................ $15.4 mil AUD
trimmed flower JV ......................$2 mil AUD
Unsold balance of crop...............630K lbs
630K x $2 USD X 12 /0,86 = $22 mil AUD
Total harvest:.........................$39.4 mil AUD ( $10 mil less than anticipated)
Even if the total harvest were to be $30 mil AUD , this would send us on our way to tripple crops in 2020 , IMO.
Now that question is: If this were to be so, what would the likely SP be? 5c, 10c, 15c, 20c?
PS: IMO, the DL offtake volumes/week will increase as DL sells its products & ramps up production to 15K lbs/day.
(We have the biomass in the barn 5 miles away which, presumably, is higher CBD%age than local small farmers who will have likely "economised"
by using cheaper seed.seedlings)
All IMO only and as usual investors should always consult a licensed financial advisor before making any investment decision.
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