Just a quick estimate based on previous quarterlies: Converting...

Just a quick estimate based on previous quarterlies:

Converting about 7 GWh per months costs overall 4m per quarter. Revenue is about $ 40.000 per GWh.

Based on 100 GWH now revenue should be at least 4m, expenses should be the same - 4m = cash flow neutral / positve as stated by the company. Assuming the quarterly running costs stay the same the revenue increase = profits increase by about $ 600.000 per quarter ( based on average of 7 + 7+ 7 per quarter ).

That means a annual profit increase by at least $ 2,5m per year.

On a PE of 15 just this increase means a MC increase by about $ 35 -40m annually, about 1.5c sp increase.

Fast growing comps are valued at a minimum PE of 30. Any t/o now would have to come out at 5c minimum but considering LT profits no way directors would agree to less than 10c today.

Based on those above stated very conservative numbers I repeat the sp should be at 5c atleast now to reflect not just possible profits but what has already been achieved. Again, that is not ramping it is just applying general market valuation based on comp anns such as today.

GLTA and I dare to say, buying at 3c is insanely cheap.