Some math? Ok.
Mexico - 8000 schools, say 300 pupils each, thats 2.4M.
US$5 for 50 pops (discounted from US$7?), thats 2.5M/50 or US$240k for one sampling/use only. If done 12 times a year, thats US$2.9M year. Once accepted, the same number again by police, gov workers, etc in Mexico alone - probably nearer to US$10m per annum.
Heres the crunch though. The Us market is probably 10 times (if not 100 times) the market of Mexico. So minimum sales of US$100M a year is probable there - given FDA approval of course.
China is the same again and the rest of the world, the same again. So, thats US$300M a year minimum. I say about 70% GP, so US$200M+ plus profit per annual within a year or so.
Could be wrong, but even at only 50% of this market (US$100M/yr), HGR still worth much more than the current market cap of under A$20M.
So, sp of 25c is the very least HGR is worth? With multiple of 7 or 8, its way over A$1.
HGR
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