Dare to anyone to justify $1bn valuation with numbers, page-25

I'm impressed by the theoretical prospects of the company but
I would not even attempt such an endeavor. Far too hard for my
limited tech knowledge and fundamental acumen to try
value a company at the stage where BRN is...

One would think you would need multiple models based on
discounted cash flows with a time frame and an adjusted
discount rate to factor in risk to get to any form of PRESENT value.
It is not unheard of for startups without revenue to fetch massive
valuations, even though there are few and far between.

I'm happy to watch the battle between all those perspectives on
the charts... it will be an interesting battle, much like these
arguments lol...

As a more technically oriented trader, it does not matter that much
to me, as long as I can manage risk... Whether it is madness or not,
I will take what it gives me.