goBgo Stocktwits $52 a share21 Feb 2021 17:44
Interesting price prediction;
$ARBKF
Yesterday when I mentioned Argo could hit $50 - $70 some Argo fans raised doubts so let me explain why do I believe Argo could reach this price...
First some assumptions so here are some key assumption!
1. Bitcoin will be 100k by Jun end. 2. Argo will be on NASDAQ 3. Argo will produce 1200 Bitcoin equivalent this year. (Jan = 93 coins)
Very simple equation to calculate market cap is Market Cap = PE ration x Earnings. At 1200 bitcoins per year equally divided in each half with first half average of 50k and second half at 100k. So, Revenue = (600 x 50k) + (600 x 100k) = $90m + other income of 10mil that we already achieved from 500 bitcoin holding. = $100m revenue for this year.
Many big tech companies or growing companies has PE ration of 500+, e.g. Microstrategy = 8000, Tesla = 1500, Shopify = 900, Square = 439 so considering this if I take Argo PE = 200. We will be valued as $20bn @ 380m shares = $52/Share price. (PE & Coin could be higher than mentioned here)
Any thoughts ....