VintageKrug said on 9 May 2011 in another place
Let BASSA put its not inconsiderable £1.5m per annum income where its mouth is.
Please VK would you set out your calculations that produces the figure of £1.5m per annum.
Last month I did a simple calculation that indicated that the lower limit was not much more than £0.5m per annum: -
___link
Although I did not say so, I imagined that the actual figure was be less than £1m per annum.
_ Therefore I was quite unprepared for the £1.5m per annum figure.
_ I am sceptical of this figure - but am ready to see your calculation set out for all to see.