Ann: Successful Production Ramp-up of Phase 1 Expansion Start-up, page-8

Ok, so some quick numbers,

So @ 25,000 cft/annum max capacity lets assume we can run @ 80% = 20,000 cft sold

Last known order was at $337/cft to US Navy through Touchstone. Probably some upside here with direct sales but assuming the same rate annual rev should be $6.7m USD - which is about 10x current.

Stage 2 will be next level, but if we can start ramping up to this with some better sales quarters, cash flow, this will re-rate. Non-product costs are quite low, so more cash-flow will allow more cash to ramp sales & marketing.

I talk a lot about high conviction investing to people, and whilst I have made mistakes against this rule before, I really believe in this direction. It (refreshingly) looks quite well planned and methodical.

70,000 cft seems like a stepping stone now, there is potential for this to be doing $100m+/year in revenue but this will take many years, but could yield some fantastic returns.

All my own opinion, DYOR