11.73$ price target on GIII" The first plant is expected to generate 85 million CAD EBITDA per year. The second is twice as big, so I expect CAD 170 million EBITDA. I calculate with a 70 percent stake of Gen III in the first plant and with 80 percent in the second plant: 59.5 million CAD EBITDA (plant 1) and 136 million CAD EBITDA (plant 2) = 195.5 million CAD EBITDA per year from 2 plants. Using a factor of 6, I arrive at CAD 1.173 billion acquisition valuation divided by about 100 million shares = CAD 11.73 per share compared to the current price of CAD 0.80. This calculation is based on only 2(!) plants. Today, it was officially written for the first time that they are currently working on 3 plants. My target price is probably too low once again. "
Source : https://t.me/smallcapstockpickingcanada
For me this is a very solid long term investment.
I am very comfortable holding my shares another 3 or even 4 years , letting GIII management build and put in production at least 12 projects globally. Resulting in a share price that will be a multiple of the target set above.
Even at these prices , this is still a no brainer.
Andreas