David has inked a underling order value for the next 5 years with the worlds largest serum company (A grade customer)
Min order = $480K per year
EV1 is in play and within 6 months there should be a order - based on David indications we are looking at $400 a litre per car. EV1 makes approx 100K cars a year.
Lets assume they order only half of production at $400 per litre.
That is an order of $20m from a A grade customer.
I don't know what the net profit on this would be, but I assume its high.
A commercial financial institution like Macquarie would accept a DCF and do some creative finance around it.
So many ways to skin a cat.
Let me state this again without the min order from SII this would not be possible.
Business finance is not like getting a mortgage, its a different ball game, they take more calculated risks.
Correct me if I am wrong.
ADO Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
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