GREY:NCNNF - Post by User
Post by
Joham13on Nov 26, 2019 9:03am
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Post# 30392633
Per the Conference call all 11k kilos are of premium
Per the Conference call all 11k kilos are of premium quality and will be sold to the provinces at 3.35/gram. So let's take a look at 2020 sales just from the outdoor contracts. 11 million grams X 3.35 = 36,850,000. Putting a modest .60 margins on that revenue (produced at .25/gram really shoiuld be more like 90%margins) the total profit just for these agreements would be around 22 million. Divided by 170 million shares = .13 of profit just from the 3 agreements. Put a 15 multiple on that ans its $1.95/share. All IMO. If they were to have any other revenue from Delshan, extraction or the 2020 Harvest for sales in 2020, then really the stock price could be much higher.
I'm bummed about this year's harvest but it sounds like they got local approval to build the propper drying facitity ( like Weed MD did!!) for the 2020 crop. So I will sit on my shares till the smoke clears. GLTA