RE:Death by a thousand cutdThe waiting isn't particularly fun indeed.
But when one or more projects break ground and eventually start producing, it'll be a completely different ball game.
The cash flows will become relatively predictable, especially after a few years. This should cause a re-rating of GRBs stock. That's how markets work.
For instance, Brookfield Asset Management as a major comp. has been valued between 10.37 and 24.08 for the EV/EBITDA ratio over the past decade.
The EV (or enterprise value) for GRB is C$35.90 million and the MC is currently C$36.45 million.
It's a pity though that we don't know much about West Lake but we do know that for West Lake's first site (90MW) an EBITDA of 19.5 million is projected.
The EBITDA of course doesn't say everything (and it certainly doesn't take everything into account) but it gives somewhat of an idea of the profitablity.
At a EV/EBITDA ratio of just 5, for only West Lake's first project, GRB will have tripled in value alone.