RE:RE:3 months financials The financials for WMG are definitely not what they're selling on (yet at least).
It's 100% based on if we have faith in their management to do what they say they can do... Does the reactor do what they say it can? How far are they into their factory build? How much Mg will they produce once the reactor is operating at full capacity (or are they planning on selling the reactors/franchising?) What is their expansion plan once all that is established?
Market cap says this company says it's worth 91 Million+ (CAD) (WMG) or 73 Million (USD) (MLYF) ... That's a lot of faith in a company that hasn't really created much tangable value yet, (aside from proving a reactor that's being kept top secret at this stage). Lots of talk but until they have a product they're mostly just a liability.
The more time passes the more I'm starting to agree with ex99.
I first invested in this stock back in 2012 when it was NVM.V I'm starting to wonder if this is the never ending story and if there is ever going to be proof in the pudding...
All that aside... Is this company even worth $91M once they do prove their concept, produce Mg and bring it to market? They better have a pretty impressive growth strategy...
Can somone run their numbers for a realistic evaluation once they're fully up and operational?