RE:My Calculations on Why GUG is Undervalued.
The royalty amount shouldn't be discounted. In fact, a minimum of $10mm should be added (10x $1mm PE value on the annual payment amount is appropriate) to the annual cash flow value. However, it could even command 12-15x but 10x is conservative. And if using the fully diluted share count you would want to add the cash that comes in from the warrants/options (about $1mm).
Share price is indeed extremely undervalued....12-15 cents within a week of the first royalty payment hitting the bank. Up from there...