In my opinion base case can't be 2H24. Because number of pearls sold in 2H24 is 222k, annualized is 444k.
Pearls harvested is 580k.
Pearls sold in the previous years :
FY21 , FY23 = 580k
FY22 = 530k
So there is a difference of 100k pearls in this base case. 100k pears = 6m $ revenue.
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