In my opinion, the asymmetric risk reward ratio at GRB is getting better and better.
With approximately 40 million shares (FD), GRB is valued at US $33 million.
Sage Ranch The discounted net present value is USD 123.7 million. I conservatively calculate here with USD 100 million or USD 2.5 per share (CAD 3.3 per share).
Value of Montalva? https://www.smallcapinvestor.ca/post/greenbriar-capital-corp-a-massive-solar-project-on-the-brink-of-approval Profitability of the project
As for the economics of the Montalva project, the net present value (NPV) is about $190 million and the capital expenditure (CAPEX) is $200 million - on paper.
Again, I'll assume an NPV of $100 MUSD.
With these two projects I also come up with a value per share of 5 USD or 6.6 CAD.
I assume that the value is too low for Jeff. Rather a little conservative and a positive surprise.