Ted’s response - Costs vs Revenue, page-9

Trying to get my head around the 2018 Annual Report, does the 375k USD / month (~6.39mil AUD per year) quoted by Ted cover everything?

Looking at the 2018 annual report, I would expect the figure to be about triple, around 18.5mil AUD per year to keep the business operating.

I just added the figures from 6. Cost of sales, 8. Employee and contractor costs and 9. Operations and administration expense which I would expect to be recurring each year. There are also some other costs I omitted such as finance costs. So, roughly break even would be avg ~$50k AUD per day, which we are looking like hitting.

Sorry if this is way off the mark, any feedback on this would be much appreciated, or links to useful information on how to understand the financial information on the annual reports.

I am also trying to understand how EN1 frittered away ~7mil AUD cash from 2017 to 2018, and the liabilities increased, under 17. Financial risk management.

If, however, the 375k USD / month (~6.39mil AUD per year) is all it takes to generate the 52k AUD per day. Well, I guess it's very undervalued at present.