I think its too early to try to value ESI on fundamentals.
ESI get $10 mill in royalties about 2014...and about $30 mill on the balance sheet.
Thats all we really have to go on atm. How do you value Matmor atm?...cant....how do we value any of the potential new deals coming?
The massive plus with today is 'survival" to get these deals happening and hopefully get LJC out.
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