The only vague estimate I've seen was from Argonaut's first effort, since deleted, that projected break even based on 40/45% taxpayer funding via ATO "R&D" allowance. We can only guess what cost/revenue projections were submitted to ATO but on reports to date, conclusion second year of funding, pretty fair assumption they haven't even come close.
Maybe the ATO struggling to reconcile performance against projections, and only prepared to pay accordingly?
Ann: Notice of General Meeting/Proxy Form, page-6
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