2021 BRN Discussion, page-33134

Let’s assume IT or AI it META companies are valued at 100 times earnings on average over their growth phase..

BRN is priced in now at circa $1.1bill or $11mill in earnings

Let’s say end of next year $20mill in earnings BRN is $2bill

$50mill earnings end of 2023 BRN is $5bill.

Now if we assume the market is a $50bill market by then and BRN takes a 3% royalty on average, then $50mill earnings is 3.3% market share in a market it is 3 years ahead of the pack as a first mover..

eg. Simple maths
$50billion Market by 2024
100% market share at 3% royalty =$1.5billion
3.3% market share at 3% royalty= $50million.
$50mill earnings = circa $5billion valuation..

Now if BRN is actually as disruptive as is suggested let’s say 20% market share and first mover advantage, then BRNs market valuation is circa $30billion in just a few short years..

This is the way I see and value BRN..
Minimum $4-5 per share in two years with potential upside of another $20per share..

The $20-25 per share could entail new industries not yet realised or the underestimation of the size of the Edge market at $50-60bill in 5 years.. What if it were $150billion?

Look out is all I can say when earnings start gaining traction. It’s quite frightful how large BRN could become.