new orders, page-162

Its a super sweet deal for WEG no question - all they have to do is pick up 50% of the costs probaly out of the Cockatoo cash flow with no capital outlay.

Hypothetically lets say for every $1m of turn over the split would be something like this

Weg get 3% marketing fee - $30 k

profit say $400k - Weg get $200 k ( 50% )

PLV get $200k ( 50 % )

WEG own 20% of PLV so they get $40k of PLV,s $200k

So $30k + $200 + $40k = $270k for WEG

$160k for the rest of PLV shareholders.


As I said sweet deal but Tony thinks its worth it to get Irvine off the ground and even with the capex savings coming in well below the $750m that is going to be an monumental task to a $50m market cap company to pull off without massive dilution or WEGS financial help ( IMO )


Hoot