Spark+ suggested they can achieve around 6m for FY24. So that's...

Spark+ suggested they can achieve around 6m for FY24. So that's a doubling of FY23. I made up the following charts to show another doubling from FY24 to FY25 because it's obviously important to zone in on the potential. If achieved the "hockey stick growth" will be underway.

Throughout FY25 you have all of the projects scaling up and so their is a good likelihood of these results being achieved or exceeded. Last year Adrian suggested they were looking to achieve 40% growth quarter on quarter. The first forecast is below that to be conservative. It's now up to them to achieve it.

I do note that Capricorn will be paying $1,300,000 in initial build fees but I'm not sure when this will be received. All in the current quarter or next quarter or split amongst the two? I don't have a clue.

For a bit of fun check these out and reply with what you think they can achieve. Merchant2000 and Extremeland don't bother.... We all know you are pippie boy trolls.

Doubling FY25


30% growth quarter on quarter


40% growth quarter on quarter


Just a long-termer trying to define the potential and compare to other long-term holders. If anyone else wants to show their workings feel free.

Have a great weekend all.