re: sbp cash crops? to mm
The growing and subsequent ongoing cropping is purely for SBP's own use in producing SBP002. The qty under production will meet their needs for about 2 years I believe. Their Annual report clarifies qtys etc. So the cash flow will come from the (sooner or later) final approved product. They identified that 2 of the alkaloids in the plant, used 50/50, gives the optimum results. So it is NOT a cash crop. Additional planting is no problem, using the land they have already purchased in Baldivis,Perth, and have partially planted at this stage. My feedback is that no issues have arisen to change the view of those very close to SBP that in this stock is going to make its followers very wealthy, if they maintain an investment for the next 2-5 years. I'm not saying that it will take 2 yrs plus for SBP to really make an impact; just that the share price today will look amazingly cheap the longer you hold them.
SBP Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held