Great announcement and commercial proof this technology works (lab proof already done). These deals generally go for circa 10+ years and given its exclusive for US me thinks has to be worth good double digit royalties which makes it at least $5m pa (and prob more) - and imporantly this means its worth at a minimum as much as the Uipi tender which fundamentally equalled a 35 cent share price, well north from here!!!
The biggest problem is we don't know exactly how much it could be worth and therefore the analysts cant (yet!!!) confidently tell their brokers to buy up to 35 or what ever cents. Personally i thought the Bruck deal would be first but the Duro deal first is tops, so by my reckoning there should be at least 1-2 deals to come over the next 6 months, and that aside from the DoD tenders etc. For a company worth $15m making this kind of money it should be trading way higher, one of these days (tomorrow??) all the old EWT shareholders will be gone cos there cant be that many left and this stock will rocket! good luck all, i'm getting set but remember the first deal is always the hardest to get done and this company should do many more over many applications. Good luck all!
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Great announcement and commercial proof this technology works...
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