RE: reading the article1 May 2018 09:03
One or two comments, O&W:
I would suggest that, though it is always tempting to try to quantify possible revenue of a project like ours, without knowledge of future plans, acquisitions, deals, partnerships and conditions, it is an almost impossible to do so. That of course does not stop people trying, but IMO it's an unfolding proposition - is it likely to become any easier to quantify in the future, except in the broadest terms?
While I agree about alluvials, I disagree about possible P/E ratio; I see no reason why, once FB and other HR are onstream, an industry standard 5-7 ratio should not be possible, given that FB is backed by a DFS, and that there will very possibly be other irons in the fire by then.
So, without being able or even wishing to talk anything more than broad figures, I do think your estimate is overly pessimistic.