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HairyRichard

1,851 Posts.

134

10/08/18

17:27

Post #: 34865742
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Originally posted by Red Baron ↑

My back of the envelope calcs

Each 8' machines produces 800 cos lettuce ea 14 days, so 20,800 each year
Multiply by 400 machines = 8,320,000 lettuces
Normal Cos lettuce sell for about $2.70 in Quebec on special. They call them Romaine lettuce.
Organic lettuce should command a premium, so I'd guess $2 each
Thats $16.6m a year in gross sales
Don't know what it'd cost to produce that many, it's very automated, so no more than $4m a year.
The Canadian & Aussie dollar are very close to par.
The whole facility would be paid back in a bit over a year.

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Thanks heaps mate. So about $1.2m for our 10% or $6m for our 49% if we take it. Sounds good to me! $4m would be 50c per lettuce which seems reasonable I think.

RGI Price at posting: 35.0¢ Sentiment: Buy Disclosure: Held
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