TSXV:EVE.H - Post by User
Comment by
cannveston Aug 13, 2020 3:34pm
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Post# 31405081
RE:RE:RE:New MATH....from Q1....MJ sales needed to break even.
RE:RE:RE:New MATH....from Q1....MJ sales needed to break even. Lol bubblehead with the "ongoing basis" quote making no grammatical sense again....faukin dope
BobbIeheadbob wrote: No guarantees that'll happen or continue on a ongoing basis.....
cannvest wrote: Add to that Pharmadrug shipments which are 250-500kg on a bulk basis starting 4Q, plus the other 3 agreements coming online and Eve will be doing just fine.
reallyBobbyZ wrote: EVE lost $1,779,805 in the first 3 months of 2020.
That's about $593,268 loss per month.
IF EVE sells to Germany at twice their Canadian sales price of $1.64/gm
in Q1 [Mel R said she expects "about twice the price they get in Canada" for German sales when she addressed the folks at the Nov, 19 Open House]....then they will get $3.28/gm.
Dividing the average Q1 monthly loss of $593,268 by $3.28/gm means they need to sell 180,874 gms = 180.87 kgs per month to break even.
The announced upcoming 2021 shipments are in the 50-100 kgs per month range. Breakeven is probably around that 180 kgs per month so while that might stop the cash burn, it won't make any profit....and that's 4 plus months from now when they might start shipping.
Cheers, Bob