Tower One Wireless Corp (TOWTF)

[gjervis]

$TOWTF

Nibbled on some more shares today. Company has 40 towers so far. 15 under construction and sitting on 2.16M bucks for more buildouts. So, using some recent tower transaction data, 1 tower is worth around 181K/tower. Should TO have built out those 15 additional towers soon, they will have 55 towers. It costs them say 80K to build a tower, so they have cash to build 2.15M/80K = 27 more towers for a total of 82 towers by say June 2018. So, it could be safe to say that the value of TO would be around 82*181K = 14.842M. using their fully diluted shares of 92M that would equate to $0.16/share in value. In addition, those 82 towers will be safely spitting out $1.16M/year in cash and that's assuming they dont have anymore collocations.