Foxbait, goldpicker (grossly incompetent) you're fired!!! They use EBITDA (net profit + interest + taxes etc etc) and (PB) price-to-book.......
bashers use these tatics to avoid Truth/conversation. Instead its to strike fear into the eyes of (new investors), current investors, but we all know their true intent "logical fallacies"....
Pre-revenue starup valuation can be a tricky endeavour. There are many things to take into consideration, from demand for product & the management team, market trends etc etc
The thing is;
after evaluating everything, even the most effective pre-money valuation formula, the best you can hope is still just an estimate... (take for instance Nouveau Monde, Gratomic's (peer) and (competitor) valued @ $450 million, two times higher in (MC) compared to Gratomic) simply amazing.....
Here's the kicker?......Nouveau Monde's project is set to commence by the end 2023 (yet valued @ two-times Gratomic's (MC), plus, Gratomic intends to produce graphite as (early Q1 2022) lol
https://www.globenewswire.com/news-release/2021/06/29/2255089/0/en/Nouveau-Monde-Provides-an-Update-on-its-Business-Plan-Targeting-the-Battery-and-EV-Markets-and-Announces-Voting-Results-from-its-Annual-General-Meeting-of-Shareholders.html
unlike early-stage startups, a mature publicly-listed company will have more hard facts and figures to go on. Steady stream of revenue and financial records make it easier to calculate the value of business....
This is where EBITDA comes into play, which calculates the value of the company based on its earnings before interest, taxes, depreciation etc etc
Assigning a true valuation to a startup company with no revenue is extremely challenging, as you won;t have these figures at hand...(bashers know this)
that's where (peer comparison) comes into play.....peer comparison analysis assumes that the peer group is on average, fairly valued......
Usually "startups" gain attention via "proof of concept" (Gratomic must prove its product to the market) and they are.....hence, Process research Ortech, Anzaplan, Forge Nano. (gathering as much data as possible).........feeding to the market step by step***
and;
the amount/number of users(clients), effectiveness of marketing (apparently Gratomic gets an A+ according to bashers lol), Growth rate: as we all know the EV market is set to explode, more important ",raw materials scarcity" it's a real problem threatening the EV industry....these all play a roll in valuation...Graphite is in high demand, massive growth, coupled with rising prices...well this is why we should consider Gratomic as an investment*** imo
Another thing, High Margins: another important factor. Gratomic as per report (Process Research Ortech Inc)
he PFS to date has been able to independently verify that Aukam Graphite is capable of being upgraded without any chemical or heat treatment to a grade of 99.38% Cg...
With high growth and with high margins , promising forecast for further revenue growth will command larger investments.......Once CEO Arno Brand releases (data), prove concept, its our expectation that the $$$$$$$ will follow.......
Be safe my friends, remember only invest what you can afford to lose........
Cheers,
Gabe