if TON ever starts producing, imo, it will have around 2.5 x the amount of shares SYR will have on issue. this means your $12 divided by 3 becomes $12 divided by 7.5 = $1.60
(companies are not valued by share price but by number of shares on issue x share price)
that said, I take back my "1/3" valuation (since I have been playing with my spreadsheet just now)
time to go
pretend I never posted
all the best
Reading for Investors, page-18
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