RE:RE:RE:RE:Weird I don't think it was baked in. We didn't know anything about any Alberta projects. How can you bake in something that you had no idea to valuate?
I don't see the initial 30 mWh impressive in terms of calculating the valuation of the company based on potential revenue on this. But it gives confidence now that we have some clearer numbers with agreements in place.
If West Lake eventual agrees to the additional 60 mWh then there is more justification in a higher market cap solely on revenue possibilities (assuming Alberta electricity rates remain high). I'm assuming if West Lake is satisfied, we should get the 60 mWh as this is something what they want to do as well, getting into more renewal energy.
400 mWh would be huge and then I think we can start to think of serious stock price (I'm guessing $30 east) just on Alberta alone. I can see that is this Greenbriar's intention.
The main concern to this is time. As the news article says, this could take several years. What is several years? 5 - 10 years? Still worth it, but it feels the returns are not sure quick anymore.
I thought we would have been at $6 - $10 already by now. Now I don't know if we're even getting there a year from now.