Bioelectronics Corp (BIEL)

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JustGo, Don't forget the economies of scale cost savings waiting for BIEL as we grow. If each unit is running $5-6 for our current orders of say 5,000-20,000 units, our costs could easily be cut in half as demand doubles and triples. Another $2-3 in profit per unit by simply selling more of the same.

Learning by doing: There is growing evidence that industries learn-by-doing! The average costs of production decline in real terms as a result of production experience as businesses cut waste and find the most productive means of producing output on a bigger scale. Evidence across a wide range of industries into so-called “progress ratios”, or “experience curves” or “learning curve effects”, indicate that unit manufacturing costs typically fall by between 70% and 90% with each doubling of cumulative output. Businesses that expand their scale can achieve significant learning economies of scale.

http://fhseconomics.weebly.com/uploads/9/0/6/8/9068926/economies_scale_internal_external.pdf