Thats what number crunching says, yes.
However, there's a discount for risk to apply and capex as well.
But, I am waiting to find out from AirGuide's CEO, "so, tell us, what happened?" because there is more potentially going on, when you network as Airguide appears to be doing, there are other value added aspects. One that comes to mind is the Hong Kong based ETF for lithium, now who stands to benefit from that?
And there's more, but right now what we have is basic number crunching. sit tight
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