Topbos - What rationale did you use to come up with your...

Topbos - What rationale did you use to come up with your valuations ? There are currently 1.517 BILLION
shares on issue (Refer Presentation Announcement of 27/3/17). Given that they haven't even launched the 3 Diamonds yet, to expect that with 200 up there, a val. of $3-$5, seems unrealistic initially. Unless they can sell more band width ASAP, even after the initial launch, they may need to go back to the well to cover costs to launch/construct the other 197.
I hope you are correct, but a $4.5 to $7.5 billion market cap. without future CR seems ridiculous.
In any event, I may be able to provide further info. on Thursday, as I am one of the lucky ones attending the informal gathering with the CEO MM in Melbourne on Wednesday evening