Ann: NTU Presentation New York and East Coast Australia Roadshow, page-2

Looks Like The Company's Costings Have Been Revised Up by $13,000,000 min.

"IF" the federal governments capex and opex R&D refund is at the higher end of the scale at 45%, that means that between the capex and opex for the pilot plant there has been a change of spend from the company, from around $71,000,000 up to $84,000,000, this is my evaluation according to the R&D Financing Facility change from $32m to now $38m in the latest presentation out today.

I'm guessing hence the reason why these company funded presentations are still going on, looking for more suckers with more $'s to part with, IMO.

Working on the (dodgy IMO) sales figures in the 100% sales agreement ATM.

Dodgy meaning
- dishonest or unreliable
- potentially dangerous
- of low quality
...