RE:RE:Compare RGX market cap Iscfa, your financial line items may be correct with the exception of your valuation line. If this tech proves itself in modules 1 to 4, then the world opens up to RGX. A big company with a deep pocket may buy it out and spread these modules across the world. This potential premium must be considered in the valuation, but you ignored it. You can't use an earning multiple analysis to an exponential growth story.
Tesla is not trading on earning multiples but rather on growth potential and so do many other mining exploration, tech and biomedical research companies.