Correct except it would need 70million profit not revenue to achieve this so probably a revenue of 150-250 million depending on their cost per unit to sale difference but on top of that they will have a licensing income stream which would be direct profit. Minus any payments to rice university if they aren't bought out by that stage. Definitely achievable in the next 2 years WITH the RIGHT strategic partner. GLTA.
Countdown to 30/06/18, page-17
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