Section 1.1 of the Prospectus reads,
"The Company is currently funding, via a $500,000 fixed price turnkey
contract with Moore Commerce Pty Ltd, construction of 30 ProteanTM
WEC buoys."
I don't know what else is in this contract i.e. If $300k relates to the construction of the buoys and $200k is some sort of other fee but I can only assume that the total cost of these particular buoys (including design, construction, transport, maintenance etc) is $500k.
Section 1.1 of the Prospectus reads, "The Company is currently...
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