I'm going bullish that you're completely wrong Replacement labour for things like piers, painting boats is through the roof $$$$$$$$$$.
Anything which reduces the replacement cost would add a serious value to the paint. I'm hoping you've got it wrong... Anti-corrosive paint market size is $43 billion Market where ecoSparc could be used 25% = $10 billion Value of additive relative to coating (10%) Addressable Market Revenue $ 1 billion Let’s say we capture 5% of the $1 billion market. Revenue= $50 million
• High gross margin estimate: 50% Profit = $25 million pa
Honestly I think we should be charging more than 10% uplift considering the savings to the customer.
SPN Price at posting:
21.0¢ Sentiment: Hold Disclosure: Held
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