ProGreen US Inc. (fka PGUS)

[Davis_Elite]

We should be trading 10x higher than todays basement prices

Valuation JUST for the RAW oceanfront land recently acquired is calculated below based on a direct comparison to land in the area. It shows the value contributed to the PGUS pps equal to today's price - ALL BY ITSELF. And that's with no plan for use.

Add the plan for use - Cielo Mar - and that value goes up significantly. Add a first market offer for the Cielo Mar development and it's much higher still!

And in a few short months - before the end of this year, it goes up 10-fold from there with the master plan completed.

And now add the Ag business, which has high margins, the market is growing significantly every year and simply will not stop due to the increasing demand for produce in the U.S.... and the enormous amount of land we have for growth - and the fact that it is already being established with a $1.2M contract (with expected 55-60% profit margin).

Very much undervalued... high potential for gains such that you can hold a large position with very low risk...

Calcs and results are below, but refer to my much earlier post about this for more details and additional land "comps":
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=127900999 (post #32289)

Oceanfront Land - valuation in PPS (THIS IS NOT THE VALUATION FOR PGUS, JUST THE ADDITION TO THE VALUATION - see further below for the basis)

LAND ASSET VALUE UPON CLOSING (resale/market value), CONSERVATIVE ESTIMATE: $7.2M (ProGreen's portion)
CONTRIBUTION TO VALUATION = $8.08M / 350M (shares O/S) = $0.0231 pps

LAND ASSET VALUE UPON COMPLETION OF THE INITIAL MASTER PLAN DRAWINGS (PROPERTY OUTLINE, IMAGES, WHATEVER IS NEEDED FOR A MARKET OFFER OF RESERVATIONS OR ANYTHING) & INITIAL MARKET OFFERING: (10% x $921M) / 2 = $46M (ProGreen's portion)
CONTRIBUTION TO VALUATION = $46M / 350M (shares O/S) = $0.1314 pps

LAND ASSET VALUE UPON COMPLETION OF DETAILED MASTER PLAN AND PERMITS ISSUED: $921M / 2 = $460M (ProGreen's portion)
CONTRIBUTION TO VALUATION = $460M / 350M (shares O/S) = $1.314 pps

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=129691527