Thanks Windshift. Both posts are clear and helpful in...

Thanks Windshift.

Both posts are clear and helpful in understanding the business.

My understanding is that the machines sell for circa US$300k.

There is a re-seller sales commission of about US$100k - which seems high but I suppose has to include enough "fat" to allow for service call outs etc.

The manufacturing cost is supposed to be circa US$100k but this would fall if volumes rise.

So, gross margin of circa US$100k per unit.

No sure but I think that gross margin is shared between LBT and JV partner.

There is also a software licensing fee that is also shares with sales agent and JV partner.

Overall, I am unconvinced by the numbers and the likely rate of sales.

GLTA