So the guaranteed application area is the reservoir with 3.94 million cubic metres capacity. Typical application rate for Phoslock is 150 mg/l. That equates to 591 t x $3000/t = $1.7 million. Maybe add the same amount for engineering work.
The story here is the potential to win the contract for the entire catchment, and that's a hell of a story if it comes off, but the guaranteed income is modest at this stage.
So the guaranteed application area is the reservoir with 3.94...
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