I'd like to direct this to Shedrills...
I enjoy your posts and follow you on Stockwits and recently listened to your last Podcast.
I've been around since pre Boat incident and still believe in this stock.
I want to simplify the argument of valuation by just focussing on the potential value of the Port and what the share price would be if we only owned the Port..to me that is the absolute downside even if we get a duster which i don't anticipate...it's the Port that lets me sleep at night..so correct me if i'm wrong..
You mentioned down the road revenues if i recall at close to 350 Million..not sure how many years down the road that was.But what caught my attention is that Port revenues are usually calculated at a 20-30 multiple.
So shouldn't you be able to come up with an approxiamte share price in a chart form based on revenues at different points down the road..it should be a simple calculation of total revenues times the trading multiple for that sector divided by the current Share Float.
i think this is worth doing and it may put investors at ease knowing that even in a 100% worse case scenario on the OIL exploration side CGX still has some reasonable built in value that i venture is still higher than the current share price.