Ann: Resignation of CEO & Management Changes, page-43

RHT has a steadily increasing positive financial position. This is the sort of stock where an NPV can be calculated. The problem with NPV's however, is that they are very dependent on the assumptions used. I have made a very rough calculation as follows:
Discount rate a) 10%pa being a very low interest rate environment, and
b) 15%pa a rate commonly used in earlier years

The last quarterly (31 March 2021) showed cash on hand of $9.2 million following a quarterly net increase of $1.1 million. I have assumed that the initial yearly increase will be $2 million (I think this is conservative, but who knows). I have made three assumptions of increased income (on the initial $2 million assumed), 10%pa, 15%pa and 20%pa. Also, I have used 450 million shares to calculate the NPV per share (estimate of share price).

The answers on these assumptions are:
a) discount rate of 10% pa
10% incrase in income net per annum NPV = $61 million; SP = 13.6c
15% incrase in income net per annum NPV = $105 million; SP = 23.3c
20% incrase in income net per annum NPV = $198 million; SP = 44.0c

b) discount rate of 15% pa
10% incrase in income net per annum NPV = $41 million; SP = 9.0c
15% incrase in income net per annum NPV = $61 million; SP = 13.6c
20% incrase in income net per annum NPV = $61 million; SP = 22.7c

These are just my figures and about the only thing they can be relied on for is that they show just how dependent the final results are on the assumptions. If we get a new income stream of substance they will be way to small.