where do you get 20% gross margin PMF?
I was guessing ore like 50% gross margin which brings revenue needed for break even on 12M in costs down to 24M in revenue needed (24* 50% = 12M )
However we are both guessing with out knowing actual costs .
Also being a gross margin this only coves COGs it does not cover other costs to get a net gross margin ie interest admin R&D .
Looking deeper its Hardly a vote of confidence for minority shareholders when a company takes the defamation route against posters on HC
https://businessdesk.co.nz/article/infrastructure/todd-flounders-to-victory-in-flinders-mines-saga
same could be said for Wayne McCrae of Cudeco if you look at his history and then later forced resignation from Cudeco
https://www.copyright link/politics/copper-find-loses-half-of-its-lustre-20060718-j6zr5
https://www.goldcoastbulletin.com.a...s/news-story/86a3c685c5e3a253d27e549338facbb1
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