I would like to offer some corrections that are due in my mind.
please correct me if I'm wrong.
First I think Ironridge Average is much lower then what you assumed it should be:
around 0.00135 cause their cost would be 70% of the closing price of Spet 18 (which I think was 0.0019 at the time). btw Cheryl If you can confirm the actual (and not speculated) conversion price for us that would be great.
Second in regards to 20K Cumulus potential sales, I think we need to be more real, in regards to the selling price for those in terms of what RFMK sells them at.
RFMK likely doesn't sell them directly to the end user, and hence the actual sell price may be 1/3-1/2 of what you think it will be. RFMK likely selling it at wholesale bulks (different pricing).
This does put the revenues in a more realistic light.
However no one says this isn't going to be a big success and we can have multiple 20K batches coming. and we can have other sources of Revenues Cheryl is working on.
So overall we may hit those Revenues numbers in the future, but the source of revenues may be a mix.
Looking forward for next Week. GO RFMK !
