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Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-39

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    "Even at 10x (for a business with forecast (read contracted) revenue growth of at least 60%), it seems a bit pessimistic. However, for the sake of discussion, 10x gets you to 28.4c - a 72% premium on the prevailing price."

    Failing a credit raise of course...
 
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