EV here is roughly $11M, with over $7M in cash. 25M options are still out of the money.
I don't expect commercialisation to happen in the short term, however with the right partners advancing the product throughout the year I easily see a re-rate to $100M.
It will be contingent on further toxicity studies and registering the mode of action successfully with IRAC - Both risks I see as being low.
Almost similar to a biotech play except the commercial outcome here is far superior.
Ann: Positive Results with Flavocide vs. Grain Storage Pests, page-16
-
- There are more pages in this discussion • 121 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
