Amarin Corp Plc (AMRN)

[bblack]

valuation of early stage biotechs is a lot of art.

It's tough enough to get the earnings model correct but the discount rate is equally important. Since you previously posted that Reduce-it would be successful at the final look with 100% certainty then perhaps a 25% discount rate is appropriate. If anything, it seems low to me but it's really anyone's guess.

Btw. take a look at Sun Trust's cash flow projections. He is not projecting more financings.