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Bullboard - Stock Discussion Forum Neptune Digital Assets Corp V.NDA

Alternate Symbol(s):  NPPTF

Neptune Digital Assets Corp. is a Canada-based blockchain company, engaged in the business that builds, owns, and operates digital currency infrastructure assets. It provides cryptocurrency and blockchain infrastructure with operations across the digital asset ecosystem, including Bitcoin mining, proof-of-stake mining, blockchain nodes, decentralized finance (DeFi), and other associated... see more

TSXV:NDA - Post Discussion

Neptune Digital Assets Corp > NO brainer...
View:
Post by mercedesman on Dec 30, 2021 2:39pm

NO brainer...

Equity now about $70M  Shares o/s about 124 M

Book value $ .56 

And it's trading below its  BV ! ?  

Yet in the last 4 months, they earned $61k x 31 (new) BTC = $ 1.9M from mining

projectng next full years mining income (assuming BTC stays the same price) is a MINIMUM of 3 x $ 1.9M = $ 5.7M

Minimum because they wlill be adding alot more mining rigs in Q1  (I forget but I think at least tripling their current mining capacity )

Then add whatever BTC, ATOM, fantom, Ethereum, etc increases in value from now to Aug 31, 2022.

This should be a minimum of 2X BV given growth profile for mining revenues, and positioning for growth (i.e. increase in value of coins owned).

If the Crypto hype returns as it did in early 2021, then a move to $ 2 per share seems very reasonable.

MM
Comment by BuyingTIme on Dec 31, 2021 11:38am
Come on be quiet no brainer guy I'm still stock piling my shares at these levels. Better to say I agree its not worth buying sell sell please sell bitcoin going to zero sell before this baby goes off the board. I will take them slowly not to move the bid price two much. Happy new year to all. Bt