RE:RE:RE:Contract updatePercySweetwater wrote: Pandora wrote:
Does that suggest the "partner" then picks up $37.5M of the contract?
No. The $2.6m is for the next stage of the contract (I believe that there are 4 stages, as the quantity in the tender award was "4"). In the last discord session MG said the next stage of the contract was worth more than any previous stage, so the $2.6m is inline with this statement. MG also said that the follow-on stages were "life-changing", so I expect significantly more the $2.6m to come.
Agree with your assessment @Percy. It's four phases. Every phase will last for one year and this year Nexalogy will get $2.6m. Next year in the second phase of that $40m project, they will get more, if the are succesful with the first phase in 2022. And so on, until end of 2025 (or rahter end of the fourth phase). Simple, as it worked the same way with IDeaS.