USD$2.9B/year is for NVM Market Revenue to the Licence Holders NOT Market Size
That is what was in the original Slide Deck
Of this WBT is expected to be around 30% = USD$300M/pa Revenue
$300M USD = AUD$420M (current exchange) Revenue in 2027
Let's round it down to just $400M
$400M pa x PE of say 30 = AUD$12B MC (more than x10 from here out)
And all of this is only for Embedded - should WBT finalise Discreet and grab a decent chunk of that much larger market, the $12B MC will be dwarfed!
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