hi alecfra, that wasnt from me but from one of e director. Well he mentioned about this and if he's positive about it then i'm too.
operating cost for last qtr - 778k operating cost for qtr before - 402k
from their business model as stated in e presentation earlier this year, potential annual royalty revenue with a 5yr tgt to achieve is at $60-180m.
so to be cash positive mid of next year (meaning, cash inflow of (400k - 800k X 4 = 1.6-2.4M per annum). imo, that should be a realistic target??
well if anyone's asking why the big increase in operating cost between the 2 qtr, reason for it, is due to increased collaborative work between anteo's scientist with labs around e world. which ensures sound transfer of technology and increased likelihood of positive outcomes with those Coys, sooner.
cheers
ADO Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
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