Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-16

Maybe 500m - 1 billion off of hype in 3 or so years but the revenue and earnings wouldnt support it by then. It is possible for them to scale to that point but it would take longer. In a year or so 100-150mil market cap is more reasonable and justifiable. The market can take that and run with it wherever it wants to beyond 100-200mil but at that point its just hype.

Regardless, she is headed to 100mil- 150mil market cap soon at a SP of 30-50 cents. Probably going to need another couple of small catalysts to take here there though. IMO we would need a pretty solid piece of news to take her beyond 40-50 anytime soon. More US Navy contracts the likes of which we have already seen with the new facility will probably take her to 30-50 but any more than that would require a substantially larger contract than what we have previously seen or a contract in Aerospace or Oil & Gas.

I can't see myself buying more at any higher than 15 cents a share though just to be safe. My previous experience with this company has made me too skiddish. Ideally I would want to see her bounce back off of 20 or so again and do some side trading before I bought more at 10-15. Quarterly definitely filled me with some more confidence though. Half yearly results will beat forecasts by over a mil and the revenue graph is starting to look nice into FY25. By FY26 we should have some pretty descent numbers to support some sort of DRO type run.

Market sentiment is definitely shifting regardless.

Not financial advice.