True, it is speculative, but we do have 50+ million in the bank, a new manufacturing facility, machines being installed, a million in raw inventory contracted, a highly experienced/successful manufacturing entrepreneur as CEO, and a worthy BoD. So the word "speculative" applies here, but not for much longer once we are turning raw material into finished goods.
By the way, the source of raw material does have a play, but not much. The focus should be on selling finished goods, not whether we collect a royal payment on top of it all.