Hi Sabine,I think one thing that has been glossed over is the...

Hi Sabine,

I think one thing that has been glossed over is the FY23/24 budget for CVM (1.88m) - assume this is tile end of June next year?

Ross said at the AGM that was for another 12 kits and a small order from another airline (am assuming 3 kits). Maybe someone can correct me if I have misinterpreted this but that works out to about 125K per kit. He also mentioned work was being done to fit out kits much much faster than the current 4 per quarter rate.

I certainly don’t see the doom and gloom just yet when kit pricing could be in that realm and the APB target market is about 700 aircraft (88 million based on above estimates).

I think cap raise wise Ross is thinking about the scalability and current testing constraints - hence why he was mentioning exploring options for a testing facility which I think is a great idea