Re-posting previous comments from Feb 4,2022 Just in case we forgot that we got the certification and our Market CDap is around 11 milion as of today , and prediction is around 450 Milion that would make the SP 4$ , is that right ?
mingzhu (212) RE:RE:great reply from CEO Lee Barker to my email on 3 questions
you are welcome. The trigger is the certification because all new big contracts depend on it, new valuation depend on the new contracts. Assuming 4 much-talked 4 contracts for Gen3 are worth $1b revenue, VRB IPO may be valued as $5B, SRI owned 9% of $5b is $450m. That is called train reaction started by the certification. I expect SRI will fly on the certification.
mingzhu (212) Hi Lee, Thank you for your previous replies to my email. Here are some more questions for you. 1, When are we expecting the final certification of Gen3, 4 contracts and VRB IPO? Are all those 3 tings related? First you need the certification, then sign contracts, finally, do the IPO?
"GEN 3 CERTIFICATION IS UNDERWAY AND NEARLY DONE HOPEFULLY FINISHED IN Q1 2022--NEW CONTRACTS WILL LIKELY BE FOR GEN 3 SALES AND SEVERAL ARE UNDER NEGOTIATION AS WE WRITE THIS - VRB IPO LIKELY NOT TILL AFTER THE IVANHOE ELECTRIC IPO WHICH IS POSSIBLY PLANNED FOR MID YEAR - OBVIOUSLY ALL ARE RELATED BECAUSE THEY RELATE TO VRB VALUATION"