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GraniteShares Gold Trust BAR

The investment seeks to reflect generally the performance of the price of gold. The Shares are intended to constitute a simple and costeffective means of making an investment similar to an investment in gold.


ARCA:BAR - Post by User

Post by SmilingDogon Nov 23, 2021 12:27pm
264 Views
Post# 34157557

Backlog

BacklogHaven't had a chance to listen to the webcast yet.

But saw in the presentation that the backlog grew to 145MW - blowing past their year-end goal of 120MW - pipeline at close to 800mw (they have historically converted 1/3 of this)

Remember, the company has said that 100MW = ~$20M of recurring revenue + developer fees

At a ~2 year development cycle we're talking about around $30M of revenue in 2024 - around were street estimates are (sell side analysts finally look like they know what they;re doing)

Solar peers are trading north of 10x 2024 sales - that's a $300M+ valuation on today's prospects - then factor in a massive pipeline of opportunities

Then factor in a major potential boost from Build Back Better provisions - hasn't passed yet but sounds like a matter of time - unless the democrats never want to get elected again
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