Anyone buying at this level would do so on expectation of at least 2 or 3 baggers on doorstep to production, plus more on commencement of production and Ann of additional FRG applications. Moreover, one would buy Po3 on belief that Parfet’s CR price was a bargain for him, and we would penetrate the market at a higher market share than Beer and Co’s meager assumption. As Beer mentioned: “Success in these trials will open up a much bigger market, and more quickly, than included in Beer & Co.’s current valuation of $20/share.“
PO3 Price at posting:
$4.70 Sentiment: None Disclosure: Held