Future Valuation, page-173

Hey @SuperTrumpy,

Great to see this thread still being kept alive!

Personally, I'm not convinced that the $4 sub-fee (for Brazil) that's being touted here is correct. I understand it's been calculated using the projected monthly revenue divided by the 250K minimum sub number. However, as Nik stated, their internal targets for subscriptions after the first year are much higher than 250K. We have no idea how the $1mil per month revenue projection is being calculated, but it is my feeling that the sub-fee will be a little lower than everyone is anticipating. Of course I'm happy to be wrong.

In any case, it doesn't really change first year projections, as we've been given some rough revenue targets which I estimate to be around $1.2mil+ per month. This would give a revenue base of roughly $15mil+ / year going forward. Calculations from here get tricky, as we need to consider growing costs, P/E ratio (which can vary greatly between industries), and speculation regarding other projects (such as smart cities).

But given what we already know and doing some rough sums in my head, I can see us hitting a $200mil market cap within this time frame, if stated revenue is realised. This puts us at around 12c per share I believe, depending on dilution.

I will revisit my table and update it when I get some time. However, given speculation and the possibility of exceeding market expectations, there is some reason to believe we could get into the 20-24c range for all those dreamers out there. Personally I'd prefer to remain on the conservative side though and keep my expectations in check. Initially I'll be happy just to get to 5c.

Like I've always said, I think patience is very necessary here. But good things come to those who wait. Happy to discuss numbers in more detail.

That's my 2c - good luck to all my fellow TV2ers

DYOR.