Liquidmetal Technologies Inc (LQMT)

[Genomics]

Question from a neophyte:

I’ve been reading this board obsessively since I purchased some LQMT a few weeks ago based on the fundamental coolness of the technology. Good timing, maybe. So, now that (for once) a gamble looks like it might pay off, I’m trying to understand how high the market cap might go. I know that the REAL answer is: impossible to say at this point BUT, what do posters think of the following kind of math. (Please be nice in response – this may be a stupid exercise, but I’m curious to hear what more sophisticated investors think.)

Assumptions:

1) Let’s say that (best case scenario) LQMT finds its way into a major consumer device like the iPhone (could be something else, but this seems like the best possible scenario one might imagine, revenue-wise, so consider it an upper limit). I looked up the cost of making an iPhone and the enclosure hardware now costs around $20, so let’s say that given the premium nature of LQMT, perhaps LQMT might get $20 per iPhone for LQMT parts.

2) About 250M iPhones are sold per year, hence $20 x 250M would bring in revenues of about $5B.

3) Assuming an MARKET CAP/SALES ratio of, say, 2, LQMT could then be valued at $10B?

4) So, that would represent an ˜ 40X increase on the current market cap, hence ˜ 40X return on a current investment (assuming no further dilution).

Are these kinds of calculations at all relevant? Thanks!