6 - 12 month conceptual target $6.00 - 12.00 per share, page-65

Sales for last 7 weeks was NZ$3.5M / $500,000 per week x 12 weeks = NZ$6.0M estimate for current quarter.

On-line sales average $40,000 per day x 90 days = NZ$3.6M per quarter.

Company has tripled the size of its facility. Assume current sales volumes x 3. That puts us at NZ$18.0M for next 12 weeks.

ZNO purchased enough supplies to make 3.0M liters of product. Recall that production cost is US$2.50 per liter, with wholesale price at US$11.00 per liter on larger volume. A 3 pack of 50ml bottles retails for US$5.99, so retail for one liter rises to US$39.93, so assume these units may sell for a combined US$25.00 liter (guesstimate, all of this needs validation, am relying on my memory).

Further assume that those 3.0M liters will last 3-6 months??? (guesstimate). Assume 1/2 is wholesale and 1/2 is retail in small bottles, that is an average of US$18 per liter x 3,000,000 liters = US$54,000,000 / A$80.0M conceptual sales next 3-6 months.

The whole effort is self funded, with payment made up-front. My conceptual guesstimate of a share price at $6-12 per share may be conservative. Good luck to all longs.