What is Talon worth?, page-2

Nice post mate. I got an email from Colby last night with it and suspect others did too.

I think it would be helpful with a new thread to post some of the Gurvantes IGV calcs the likes of yourself have done and previously posted, if you are willing. As you allude, the look through valuation is garbage. That approach significantly undervalues Gurvantes by many times, and is to my mind the only major blunder (or pure laziness) in this valuation.

I know this valuation is not the company's work, but the 4c look through for Guravntes is something TPD used previously. Colby has since walked back from this 4c valuation in a presentation he gave. It would be good to see the company start to put a number on it, but they may well be keeping their powder dry until things firm up and to better position for any commercial discussions. In any case the sooner 4c disappears from the conversation the better, because its worth a lot more.

Cheers
kk