I was referring to their profit margin but in 2018 you’re right...

I was referring to their profit margin but in 2018 you’re right their profit was 9% of revenue the year before 24% and 2016 it was 12%

I was working of an average of 20-% GP, taking the forward year one the second warehouse is at capacity of 5000 tonnes, ie 5 million kg at just under $7k which was only working off a low base for milk powder exc any value added, goat, sheep etc which have a much higher selling point this “could” give a revenue of $33 Million once it’s at capacity, 20% profit is 6.6

From the prospectus they’ve already disclosed a forecast one off loss with cost of listing fees etc but if you take the war chest of $15 million which allows them to be on time and on budget with no capital raising required to finish warehouse 2 you’d have to say it’s a nice position.

This is onl my novice view as I’m not an analyst simply a passion non ramping minor shareholder