ALC intrinsic value?, page-2

I think its fairly valued up to $200M. Its at inflection point now so further contracts will add value quickly. I had a base case of around 120M which was 20 times FCF. Was using $1.5M per quarter x 20 as a yardstick. Would like to see some further contracts with some meat on the bones to push past that point. If there is no need to raise more capital then building a stake will require it to push over that mark which is why I think it could get to $200M MC. Look to buy more when further contracts become confirmed.
Cheers