Its pretty obvious the Queensland government's $1.4 million grant mandates at least 1 million tests to be made in Queensland , you are right Stocky , ADO are now armed with some free money that makes the project worth while to go towards the expense of building a facility in Australia for the anticipated demand .
Ellume are planning to sell 200 hundred million tests, I think ADO has the potential to do more , it makes more economic and logistical sense for ADO to have manufacturing and distribution in Australia , Europe and USA closer to the POC , we will know what scale ADO are talking about very soon, I think the market will get a shock , 200 million tests PA @ at least $5 per test net profit is a lot of money that will support a lot higher share price with a PE of 20 .
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