ProGreen US Inc. (fka PGUS)

[Davis_Elite]

Todays News reminds me of posts like this

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

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

-----------------------------

Basis for LAND ASSET VALUE

We are looking at 2024 hectares (5000 acres), including 4.7 miles directly on the ocean (oceanfront). This 4.7 miles is ALL premium oceanfront, ALL with a view of the ocean and right on it, and much of the rest has direct views of the ocean from higher elevations - so, in MY mind, this is nearly ALL premium land. And it's in the perfect spot in a bay, the Bay of El Rosario, directly across from 2 little islands. A perfect location for the view, for fishing and watersports, for a marina, for whale watching and more!

The following value estimation uses a piece of land that is currently on the market in Baja California:

https://cancun.estate/investment-opportunity-land-in-baja-california-bids-are-accepted

Note that this land is just "raw" land, with no plans. Not just no "master plan", but no plans at all, much like our Cielo Mar land before Jan first began forming the idea - certainly well before he even began negotiating the acquisition.

Using the link below, it can be seen that this land is fairly close to the region in Baja where we have the 5000 acres for Cielo Mar, and where ProGreen currently controls the 14,000 acres of land targeted initially for agricultural use.

https://www.google.com/maps/place/29%C2%B028'02.7%22N+114%C2%B010'12.0%22W/@29.6341925,-115.091991,149917m/data=!3m1!1e3!4m5!3m4!1s0x0:0x0!8m2!3d29.46742!4d-114.170002?hl=en

On the map in the link above, you can see where this land is located - the red "pin". To the left, in the bay area with the two small islands nearby... that is the Cielo Mar site.

ProGreen acquired the Cielo Mar land for ProGreen with Contel as part of the Procon JV, for "pennies on the dollar," and ProGreen owns 51% of Procon, so ProGreen sees 51% of value and proceeds. I previously guessed that we might be paying $1.44M for this land but, as it turns out, we paid $500K. But this has NOTHING to do with the actual value - of just the raw land, I mean, before any value is add from plans and of course future profits. With 51% ownership, we just added 51% x $15.848M = $8.08M in value to the business.

LAND ASSET VALUE UPON CLOSING (resale/market value), CONSERVATIVE ESTIMATE: $15.848M with $8.08M being ProGreen's portion at 51% ownership and controlling interest in Procon.

CONSERVATIVE VALUE ESTIMATE: With 350M O/S, the RAW LAND for Cielo Mar just added $8.08M / 350M = $0.0231 in value to the PPS.