You are most probably correct.
Imo the market has not seen anything like WBT, 4DS or BRN so they are pricing them accordingly to their 'peers'
WBTs potential is boundless, applications and profit streams are EVERYWHERE. The memory market is expansive and its as Dadi put it "every device in the world" is the goal.
You also have Nuromorphic memory in which this all started. The wbt silicon oxide memory acts like a brain synapse in which has been created and recognised by Prof James Tour. He has patented accordingly along with Wbt and Letis tweaking patents increasing the behaviour of the IP.
1000x1000x100 - although the recent patent has lead some to believe the write speed could be more like 2000x.
Testing is due when the array gets announced near june i believe?.
After further recieved revenue there was also speak of owning a Fab's' - pretty sure it was Coby who mentioned this in one of the webinars... not sure if youve seen the profits of TSMC etc but with every device in the world quite possibly using Wbt and their own Fabs churning out memory creates ALOT of revenue.
How do you price that, APT is a first to market tech stock so this is why they have been referred to to try put an estimate on Wbts potential.
All the best.
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