1 cubic meter (m3) = 1,000,000 cm3
1,000 cm3 = 1 litre (l)
therefore
20,000 cubic meters = 20,000,000 cm3 = 20,000 litres
= 20 megalitres
Cost = $5250 per megalitre
therefore total cost = 105,000
Income on completion = $AUD 105,00 per announcement
Profit = NIL
What are you lot all getting excited about??? Anyway the run was good while it lasted.
PS - What payments have been made to / in Portugal and for what, to obtain this contract. Announcement says this is at the end of a long due diligence process. How much did that cost? Would be interesting to know - but will never be found out.
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