10 to 15 mil pa would narrow the possibilities down to market leaders in the sector.
It all depends on the range of products the company in question intends to introduce our technology.
5 mil is conservative, but investing in a conservative industry, I usually estimate for the lowest possible outcome, it leaves plenty of room for positive surprises rather than disappointments.
The question is also wether Geoff's comments regarding a mid tier IVD company in the case of BC would also include Danaher, the company which acquired the earlier, or wether that comment would exclude the parent company and solely relate to company ADO management originally initiated contact with before acquisition.
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