new investor presentation, page-34

To clarify - I spoke to Geoff on Friday about this

This is how it is -

If we captured the whole IVD market of $10.5 Billion pa then ADO at 4% royalty would receive $420 MILLION PER ANNUM IN ROYALTIES!

As per the presentation ADO could have revenue itself of $1 BILLION PA- This of course is if we had 100% of the total market and would see us with a share price of $10 or more

The $1 BILLION is the amount of royalties ADO could achieve as as portion of a much much bigger pie

So if we achieved 5% of what is listed on the investor presentation then ADO would have revenue of $50m pa

My investment is based on $100m pa revenue to ADO is very achievable with the contracts secured this year and next year which is 10% of what they could achieve at this point.

Something to realise is that the overall pie is getting bigger and bigger all the time - Something to think about

Dont forget growth of the actual market of around 6% pa as well