"Businesses of all shapes ans size do this kind of forecasting for project analysis, budgeting etc..."Forecast...glad you use this word! If it's a forecast it means the valuation can't be entirely accurate/subjective, especially MM is a NEW industry.
Book value is commonly deemed as the "net equity" of the company , have you noticed MXC has put this 7.02 million intangible assets under "equity" in their 2017 financial statement? I am not saying it's wrong to do that, but at least other MM company such as Auscann and CANN didn't do that.
Lastly, let's use some common sense here. If I told you there is a company that makes around 120k revenue per year, have a net LOSS of around 6 million for the last 2 financial years, while its intangible assets is 7 millions. What's your thought?
AIMO DYOR
