RE: Good linkInteresting link. From the link:
"The soy market is worth $18 billion per year in the USA. Given that Burcon's products will compete with soy and other protein rich products, it is likely that a successful commercial launch should provide a greater than $1 billion Intrinsic Value."
At a share float of 25 million, this is a share value of $40.
The intrinsic value number they provide is a very round number. I tend to suspect the sophistication of such round numbers. Further, the value of the soy market (notice they did not say soy protein market) has little relation to the canola protein market, IMO.