FBR General Discussion, page-5797

I have no idea where we will be by Christmas but it's worth thinking about where Icon (probably our closest competitor atm) is valued at and then make allowances for your perceived differences between FBR and Icon.

Last we checked, Icon was valued at $2B USD valuation (i.e. $3B AUD).
FBR is valued at call it, $120m AUD.
Therefore, a roughly 25x multiple on current price (nice round number).
So maybe 25 x 2.7c = 67.5c.

Now significantly reduce this number/multiple to be prudent but it gives a sense for the type of multiple / valuation we could get if FBR was priced similar to Icon. Not that it ever will. Just a purely theoretical interpretation.

One might halve the multiple to allow FBR two years to come up to Icons valuation equivalent which would take it to circa 33c in 12 months time. So this time next year.

Now, we all know where I stand in my belief that FBR has superior tech to Icon.
Moderated by the fact that Icon is further ahead in their commercialisation journey, maybe better marketing, more robust partnerships, etc.
But it is food for thought.

At 67.5c (two year price target) per share it's probably safe to assume this forum demographic will quickly shift to riff raff to stinking rich / early retired.

This is not investment advice. Assume this is incorrect. Do your own modelling. Make your own investment decisions, etc etc.