80 CENTS PRICE TARGET, page-103

  1. 865 Posts.
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    A quick scan on the market Cap of some of the ASX Biotech companies that are in phase 2 trials:
    PAA ( Now NUZ) – $69M
    SNT - $106M
    ILA - $48M

    Late stage Phase 2:
    PAR - $117M
    OIL - $111M
    RCE - $85M

    Phase 3 Companies:
    DXB - $334M
    NEU - $1.74B
    TLX – $8.99B
    OPT - $739M

    Knowing that not all of the above are comparable, but this is just to show that our current market Cap of $8.5M has a lot of headroom to move once we start our phase 2 trials.

    Given the possibility of us able to bypass phase 3 trials, that $100M market cap hurdle that you've mentioned could be easily crossed once we have a favorable indication by the late stage of phase 2.

    Congratulations to all holders.
 
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