RE:RE:RE:RE:RE:Bloom Burton update $0.80 tp That's what is most amazing to me.
the Target Price is basically a double from here with nothing factored in for future Kinlytic royalties which are expected to be $15m to $25m USD annually a few years after launch !
Imagine what the discounted value of that very high margin stream of cash is worth in Market Cap ?
10X at least but to be conservative discount that by 1/2 in recognition of a 5 year wait and some execution risk ?
warning, Real back of envelope math:
Say $20M USD annually =
$26 M CAD
$260 M ( at a 10X multiple)
discounted to $130M ( by 1/2 for time value of money and execution risk)
Todays MC $58M
Target $116M ( excluding K)
Target including discounted K $246M ($116+130)
= a 4 bagger or $1.60/share
increasing every year as they inch closer to realizing the stream from K ( ie as the project is derisked )
Seems like a no brainer to me !?!?
MM