RE:RE:RE:RE:Enterprise value below
If I discount 25mio for 20 years I come close to current market cap.
This would mean Kami never comes to production.
Including Kami with 15mio from year 10 I already can use 7% to reach current market cap.
This would mean no other projects (e.g. Julienne Lake) are forwarded and moving towards production and all investments are a fail.
Writing a letter to the Christkind and assuming Julienne Lake will earn us another 15mio a year from year 15 we can get to 8% discount rate to meet current market cap and getting all other stuff for free..
Regarding APY: I do not think that they will pursue takeovers into jurisdiction and regions they are not familiar with but will focus to grow organically which I personally would prefer as I think the money they use internally generates higher returns over the long run than money spent on takeovers. It always depends on the price of course. ;-)
Just my personal thoughts. DYODD
carinthian