OTCPK:NWKRF - Post by User
Post by
Mining_Dudeon Jan 24, 2018 2:10pm
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Post# 27425407
Help me understand this...
Help me understand this...Between the three facilities, HIP can reach capacity of about 39,000kg/yearby 2021.
Assuming HIP gets the $9m break fee + ~$8m in cash on had, they currently about 10,000kg/year of funded capacity with a current market cap of around $580m.
Looking at some of its peers in the same market cap range and JUST at funded capacity:
THCX ($565m mcap and 108000kg/year funded), FIRE ($580m mcap and 51000lkg/year funded).
It baffles me why HIP has this market cap it has right now when peers are trading at the same price with, in some cases, double the FUNDED capacity vs. HIP's current UNFUNDED outlook for capacitry potential.
Not trying to hate or bash, but HIP should be at like half of what it is.
Full disclosure: I don't have a position, but looking ot open a short, just looking for someone thats long and convinced to explain their case to me.