So we know the underlying income from indoor skydiving and...

So we know the underlying income from indoor skydiving and existing VR centres is around $2.5 to $2.75 run rate at end of quarter, so with more VR implies roughtly $3M/qtr in a few mths. And given they made $0.35M, implying a run rate of over $0.5m operational/qtr, it's reasonable to assume they'll be making $0.6 to $0.7M cash/qtr in a few mths. That's $2.5M to $2.75M pa. In a growth environment, multiply that by 10 for EV and you're talking at least $25M, or 7.5 cents per share. But their cash is being reinvested in the military VR initiative, and we've got little idea on how that might work out. Very specialist field. I personally reckon it comes down to whether special forces/SWAT type training spend will come under pressure and the VR be taken up as a cost saving measure, providing it works well enough. So the above comments lack any real analysis. I'm happy to hold cause if the military VR doesn't work out, the recreational side of the business is clearly profitable and entering a coronavirus free future with leisure spend still looking more domestic rather than overseas focussed.