I think production amounts are critical. What good is going to korea when they only produce 3 tons a year? Even at double the best silk price we couldnt gross $1m a year.
To have a company worth a stock we need millions a year in revenue. Which means a minimum of 10 tons a year at $100k a ton. We also can not expect the entire silk production of a country to commit to our silk without trying it first.
I would feel generous in saying they would risk 10% of their production on a test.
So we need a country in excess of 100 tons a year to really make it worth the attempt.
And that is just to yield $1m in revs a year.
As for doing it in the country. It cant be done feasibly. Wages alone could cause our silk to cost $3m a ton. That is why silk is produced where it is produced.
Korea is a great example of this. They use to produce amazing silk in mass quantities. Then Samsung was born and wages increased. Silk is barely produced there now.
For the military contract it needs to be done here and the company will take a huge loss on the silk. But once approved they will squeeze through a loophole and produce over seas.
When that approval comes i am hoping kim has enough production ability to seed his best locations with DS
Yes i am aware that i am ballparking my numbers for the sake of my time. I am not looking for accuracy in the discussion. I am simply making a point.
There are very few countries we could use. Yes we could go through all the red tape and GMO issues in Korea for a year or so and then produce our 1 ton a quarter, then go to egypt and 30 other countries and make them all change their laws ang get each one to produce 3 tons a year.
Or we could pick a country with a sufficient production infrastructure in place and produce 100 tons a year after 1 time through the red tape dispenser.
You may tell me i am wrong but please supply an alternative that is feasible.
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