M1 claim - $1 million NPAT still on track by end 2017
Im sure you already know there are 4 milestones, all cumulative NPAT targets by end June 2019, being $1, $4, $11 and $40 million
imo M3 and M4 are impossible and I have scrubbed them
imo M1 by end 2017 is impossible as well I have have written that off
but I will still be interested if next 2 quarterlies show figures that indicate M1 might be on track for end of June 2018
Which would potentially mean M2 is on track for end June 2019, in which case this company is a potential investment long term.
Alot of ifs however and 200 million options on the horizon (again why the options didnt have an expiry date at the same date as the milestones expiry is short-sighted imo, and causing huge pressure on the SP)
So some hope remains, but even the most passionate bulls will waiver imo if M1 does not appear to be on track by mid 2018 and in that scenario its over with a massive dilution and a CR at sub 1c
IAM chart discussion only, page-2290
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