GREY:VGFCQ - Post by User
Comment by
veganvicon Dec 03, 2020 5:06pm
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Post# 32033383
RE:CLOSED "ALMOST " AT THE "HIGH OF THE DAY " ONCE AGAIN ....
RE:CLOSED "ALMOST " AT THE "HIGH OF THE DAY " ONCE AGAIN .... Rough calculation suggests that each dollar of share price reflects about 1M pounds ( worth about 6M dollars) in annualized production
( assuming a price to sales multiple of about 15, similar to BEYOND).
Currently producing about 1M pounds annually but Rupert in Vancouver can do 37M . So 8 M easily doable - which supports today's forward looking share price .
Not to mention the California facility at 98M poinds potentially. So it seems crazy, but this stock may still be undervalued .
woukdnt surprise to see it fluctuate but enter double digits in CAD ,then double digits in USD , then resting at that level till q1/2 results give a better indication of where this is going.