''I’m expecting a market cap of approx 25-30m and then on confirmation of results I would expect a minimum market cap of $50m''
Thanks niz,
Why $50M on confirmation of results? I don't think your MC estimate is outrageous, however, just trying to ascertain how you got to this figure. From a TA perspective, I can see how $50 M MC is possible, but not sure though based on fundamentals.
Can we make a comparison to VMM or another company at a similar stage to env somehow? @mho25, Would you be willing to give a rough MC estimate for ENV? You seem to be pretty fair regarding reasonable valuations.
Just putting it out there, but would 1/3 of VMM's MC upon first results be more reasonable? So say $33M once env Coda results confirm historical's?
Just trying to roughly estimate based on where env is at exploration wise and such.
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