lyc risk reward equation, page-196

Hi CT :)

Not a bad idea - if only their projections where not so unreliable and rubbery we might even be able to believe them.....

Anyway assuming their profit and loss statements are more reliable for legal reasons, it is possible to more accurately asses the Total Operating Cost (TOC)for a given period. Especially if they indicate the amortization and specify the average selling price for the same period.

In theory TOC/unit produced should fall dramatically as the volume increases, unless they have to burn recovery processes and plant to increase the rate....