Plus we also still get half of what is left over in the JV after...

Plus we also still get half of what is left over in the JV after all own territory payments are made and expenses met.

My gripe is this really starts to show up how much better the deal is for RoadPost - never liked the make up and think it should have been 50/50 down the line take it or leave it. Guess it was the best deal that could be struck with them and they had more of the bargaining power.

The positive is we own half of the rights but there could be tension there if we want to sell it off one day or spin it out as RoadPost is then losing a sizeable cash cow much more than us - they will not want to give that up easily.

If N/A also is at 100,000 units say and we said that is $40 million AUD sub revenue what does Beam get out of this? If we said at that scale costs are $10 million? But let's just say $20 million so $20 million gross margin so $14 goes to RP leaving $6 million so we could still be getting $3 million there plus our own territory gross margin 70% amount so I could see $6 million being slightly bullish coming our way in pure profit at 30/06/2023. If the rest of the business just breaks even that could value Beam at $100 million easily of 5-6 bags form here.