I have been looking into a few "like" companies. I was simply looking at what PE ratio they had. The idea being that "when" BLG are making $ what would/could the company be valued at. The low end of PE ratio was 17 and the high end was 34. I used 17 for BLG and worked off the 160m revenue the company was targeting in the future.
The end result was a price target for BLG of 51c
This is just speculation and should not be considered financial advice.
BLG Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
