believe it or not, here I am being swept up by the mighty GCHT wind turbines and even though I had the company's presentation on file, I never compared their own projections with the early numbers from GeoInvesting. Geeez! You made a good point.
The tax rates in both cases were calculated at 25%, so the company is projecting higher net income; not sure why 2010 is such an exceptional year as far as net margin is concerned but I can take it.
I noted that R&D expenses are still missing in the company's presentation. This will not be insubstantial as they badly need to get to the 2MW and 3MW sized turbines. They will get there, but with associated costs.
Re sales volumes: remember that the third sales contract still isn't final, awaiting some approval. So perhaps they were cautious and didn't include that in their early projections? But yes, based on the 30 turbines per month capability there is definitely upside to sales volumes.
I assume, however, that this production capacity is not yet in place and that the newly raised capital will now be deployed to get actual, not just calculated/projected/feasible, production capacity to that level. It will take some time to get there.
With their quality and cost advantages I am confident that they will be able to sell as many turbines as they can possibly produce.
Let's power up those turbines: up, up and away we go!
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