I'm going to use a different approach here, and start by producing 2,500 MT in each case.
There is something we have to keep in mind. SIAF/TRW doesn't have the land for ODRAS. Which means they will have to cooperate or lease the land. Which is one reason why I am using only 20% profit margin for ODRAS. The other reason is, cost is lower for APRAS.
These are optimal but still realistic numbers.
APRAS ODRAS
Capacity 2,500 MT 2,500 MT Footprint 3 buildings 20 hectare Capex $60M $25M Profit margin 40% 20% Annual profit $12M $6M Payback time 5 years 4.2 years
Pretty close so far. The important thing is payback time or ROI. If I invest a dollar, then how fast will I get it back so I can invest MORE and grow FASTER? It is all about growth and time.
Right now, TRW has some land they can convert to ODRAS, which is why we will see more ODRAS. And they already have the tanks at AF4 which is why we will see more APRAS production there. But after that? Freshwater prawns? Eels? Mandarin fish? Could be anything. Right now they are looking at hiring qualified personnel who can turn AF4 into a productive unit.
Three more buildings cost $60M. Who even has that kind of money? It is too costly to construct just one building. Time until completion could be 2 years. This is another problem. For ODRAS it's < 6 months. I think we have our answer.
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