Question regarding potential revenue and market capI know this has been posted before (likely many times), but in the absence of those previous posts, I thought I would revisit the question.
I am trying to get a handle on potential market cap and revenue. If we assume they sell all 10M grams they produce at a price of $7/gram on average, with a cost of somewhere around $1/gram, that gives them net revenue of $60M per year. If we apply a 15 x multiple on that we get a market cap of somewhere around $900M. This number, based on current outstanding share count comes to a share price of only around $3.15 / share.
My question is....what am I missing(?), as this really doesn't seem all that exciting based on the current share price. I realize the multiple I am using is a huge variable, but I am trying to be conservative. This is NOT a bash or a pump. This is a genuine attempt at trying to guage what a reasonable valuation is for Aurora. Comments please.