My prediction was made by comparing them to some other similar...

My prediction was made by comparing them to some other similar players on the asx. 

Althea, THC and creso have market caps of around 50 million. I would put qbl in this bracket, althea have got 100's of patients they are supplying already etc and are have the same licences as qbl.. if qbl were at 2c their market cap would be 64 million.. so i think thats a fair value for them. 

When you say why do i think 2c regardless of how many shares are on issue.. that cant be done.. the shares on issue is needed to figure out the market cap and this what you use to determine what you think the share price should be...