JATs Analysis. 36c Fair Valuation., page-328

I dont know if it has been said, I haven't read the whole lot.

But OP:
"In other words once COVID is over we should smash that 80m revenue milestone easily and be looking more between 100-200m revenue.
A 100-200m revenue on our current 32.5% margins is 32.5 - 65m Gross PROFIT a year"

Considering JAT used local market promotion to increase it's profit margin, and considering post COVID revenue is going to be largely export, it is entirely short sighted or ill informed to suggest that the same margins will be maintained in that scenario, I would think?

Don't get me wrong, I'm as bullish as the next guy. But you can't just get local market margins and export market revenues and multiply them together like that. That's a little rose-tinted for me, and out of touch with reality.