Sorry, my figures above are actually for AUD. Scanned through my model too quickly and trying to hide the screen at work
In AUD:
Bull Case: $12,261,750
Base Case: $7,381,250
Bear Case: $3,075,400
Looks like it's half way between my Bull and Base case which is better than expected. The major difference for this is that US DOD contract revenue is included in the announcement whereas I assumed there would be no cash inflow until the contract is fully awarded.
Anyone know if AJX gets any revenue while competing for the contract? I know some grants were awarded for passing certain stages ...
Overall, my numbers still hold up - just a bad assumption on the DOD contract. Announcement: Estimated 2015 revenue opportunity of US$3M.
Add $3M to my Base case and you've got USD$10,381,250, which seems to be bang on the money (Addressable revenue of more than USD$10M).
Sorry, my figures above are actually for AUD. Scanned through my...
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