Ann: Supply Agreement with NSW Ambulance Service , page-33

re: Ann: Supply Agreement with NSW Ambulance ... should clarify , PE was on factoring in a few more successful hospitals

say they get 10 more hospitals at a similar revenue stream with PE of 20, price would be 25.2c / share

50 hospitals and you are talking $1+

The PE figure in ALT's case is a fair point as once the technology is in place, it is just a matter of collecting a revenue / royalty stream

one could consider this stream pretty secure over the period