re: my valuation is 9-10c That is of course if the stock is trading at a P/E ratio of 10.
Given the turnaround story which is unfolding seeing exponential increase in positive operating cash flow per quarter, I believe a P/E ratio of somewhere between 15-20 would more accurately reflect its growth potential.
Somewhere between 15-20c would be my estimate.
TOXO provides great leverage. 1000% return could be realised by the time expiry date comes around.
Bought in today as a first time holder. I'm going to now sit back and enjoy the ride
Cheers
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