Ann: WOA partners with Nissei for Buntine Protein distribution, page-11

Do you mean cost of raw ingredients or end sales pricing of the protein? It appears the cost of lupins is lower than the cost of soybeans, however as far as I know they intend to sell lupin protein for more than soy protein given the existing market pricing from Prolupin (don’t know about 4x though) and they can always step back from this if it’s too high assuming it doesn’t cost a bomb to produce.

I do share your concern though that currently they aren’t selling anything material so pricing really doesn’t matter until that point regardless….