The Shed, page-62

I would consider 40,000 the goal for f/y 2016 imo. At the time of the opening we could produce 120 patches per week, which as far as I am aware from follow up discussions is the current capacity. 120 patches x 52 weeks = 6240 (smaller patches) = $9.3m p/a. With capacity to scale up to 360 smaller patches per week (subject to staffing - in future) 360 patches x 52 weeks = 18720 = $28m p/a.

This is all providing that only the small patches are ordered as you can obviously produce less of the larger patches. To commission a clean room as I understand is a lengthy process and as far as I am aware it will not be a mirror of the first clean room but more than likely a preparation room to prepare the bovine material for processing. Therefore developing a production line which, as systems develop will exponentially increase production.

To achieve the above figures of takings between $9.3m p/a to $28m p/a in the first year of operation of the facility, from zero last year - will be a fantastic achievement, not to mention the possible partnering and funding opportunities IF phase 1 and 2 / or interim phs 2 are sucessful