This is pure speculation, other companies have a framework in place this company is just starting out within this sector with only a loi. It is a good buy in price for a company that may or may not be somewhere within 12 months, but in no way can it be compared to the current state of others that are much further ahead in the game, try to be realistic
News: BDA BOD Australia secures binding letter of intent with a Swiss manufacturer, page-33
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