Potential MCap6 Jan 2021 10:54
Just the other day we were discussing that a 70mill profit could justify a 2 bill MCap which is roughly = 50p. (post below, with mistake in that I said 7 instead of 70, corrected by Glandore)
Well if we accept that we were already funded to profit, then the $ from this agreement is mosty pure profit. The look at the Cenkos note - 'multiple millions of units at 8-10 $ a unit.' We are well onthe way with only this!
POST FROM WEDS (corrected 7 to 70)
No prediction30 Dec 2020 09:57
from me. I hate to tempt fate but:
"of January 2020, publicly-traded US coal companies had an average P/E ratio of only about 7, compared to more than 60 for software companies."
So, take a relatively conservative P to E of 30 (we are, essentially, a software + co.) and MCAP 2 billion is equal to earnings of less than 70 million. I think we can all see that as distinctly possible, no?