Natcore Technology Inc (NTCXF)

[BDT]

Personally, I can only see them getting 40-50% of the $18.6m if they were to sell their annuity. Because, nobody's going to pay $16m, $17m to earn $18.6mil over 20 years. But that alright with me. With engagement, cost plus, and annuity sale that's $10m plus.
That's ideal, it means no more dilution...ever. with a healthy pipeline of consultancy projects. I can also see their consultancy snowballing in the next 18 months in light of the emerging markets around the world.