BCdude wrote: You do realize that $100/share is a market cap of $15 billion. That's more than Algonquin Power is valued ($10 billion) and half of what Telus is valued.
If the momentum turns this into another Tesla ... maybe. But I pity the buyers at that price when it falls back to earth.
I love PYR's upside, but these large contracts for torches will likely be rolled out over a period of years ... at least that's what I'll assume until proven otherwise. Bob McWhirter seemed to allude to that on BNN as well.
And still want to see numbers on margins and profitibility before I can reckon how high this should be valued. How high it will actually go may not depend on that, but I'd be selling long before it reaches $100/share.
I'm sticking with my price target of $18/share by next summer, but if momentum takes it past $30/share I'd probably be a seller. Unless there is increased visibility to profits that I'm not anticipating.
macallan25 wrote: With an announcement this week we begin the climb to $100 SP. Client A gets us to $10 almost immediately, another 5-10% bump from a McWhirter Top pick (if he does), Client B and C if another 500+ torches takes us to $20. Exclusive tunnelling will take us to $30, Q3 results will push us, HPQ news will push us, Drosrite will push us, uplistings will push us. I am really starting to feel $50+ by EOY. Too much momentum! Add in receipt of torch deposits, Clients D, E, F negotiations, and a few quarters of earnings each at $1.00+/share and we will see $100+ by the start of summer 2021 IMO. #PeterTheGreat