$30.50 US by 2026For the valuation, we calculated the company’s fully diluted share count using the treasury stock method at 42.5 million fully diluted shares outstanding. $1.3 billion divided by 42.5 million shares is approximately US$30.50 per share by 2026. This would be a present value of approximately US$14.00 or CN$ 19.00 per share discounted by 30% per year.