30+ cents, page-227

My bad, I am not used to Spikenet being in the picture.
I will have redo my model upwards. Thanks for sharing btw

Take two
M4 : $500,000 minimum. PE 10 to 20 gives MC of $5 Mill to $10 Mill
CEO: $12 mill over 12 months. PE 10 to 20 gives MC of $120 to $240 Mill

Spikenet Casino over 12 months:
Assume pessimistically 6 casinos giving BRN ~$ 2 Mill.
Optimistically 12 Casinos gives ~$4 Mill
PE 10 to 20 gives MC $20 Mill to $40 Mill

Adding these together gives MC of $145 mill to $290 Mill (looking 12 months forward).

Current MC is $212 Mill
If the Market gets really hot on BRN then an overshoot to PE of 30 is expected and not unusual.
PE of 30 would give a MC of about $475 Mill. At a PE of ~ 30 the SP would have to hit 0.65
I expect that value to be hit upon good news being released over next few months

PE of 10 to 20 (fair value) should have the SP in the range from where it is now up to 0.4

But as Acaeric says there is much more to come
The above is just a snapshot as of now

I know the above is a pessimistic view. The reality the upside and where BRN will be in 12 months will be fascinating to follow

Sskim