Delta discount is probably close to 50%. It had been mentioned previously that installations were in excess of $100,000.
At the original Sydney A.G.M. Toby Chandler quoted between $20,000 & $70,000 but that was when there was talk of an annual license fee of up to $10 million for a tier 1 airline. This should mean that without an annual license fee, the numbers should be considerably higher.
I believe the negotiations for sensor installations should be in-line with 10% of the savings to an airline & these aircraft fly for many years.
These, as you say, are only assumptions but if anyone disagrees or has information to correct the figures, please post your response.
I believe in about 5 years the share price will be close to double my higher estimate - over $15.00 if all goes to plan, which is lower than your $3 billion market cap.
SMN Price at posting:
56.5¢ Sentiment: Buy Disclosure: Held
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