RE:RE:RE:RE:Profit I don't see the logic of applying a p/e ratio in this case. You will sell 1000 houses, with no recurring revenue. Also not sure whether you can disregard any taxation in the case at hand. 2 - 3 CAD valuation per shares for Sage alone would be my quick and dirty estimate. Which provides for some upside at current levels, and you get Montalva and Alberta for free.