Hi Guys,
I know I have stated some of these details before, but to me it is worth reviewing.
Approximately,
We have 150 million shares outstanding.
Current price at about $.10
Our market cap is shares outstanding 150 million x current price per share $.10 = $15,000,000.
It cost over $25,000,000 to build our current production facility.
Management forecast sales at $30,000,000 shares per year.
We are at full growth production with harvests every two weeks.
So lets say NGW manages to do 1/2 their prior $30,000,000 forecast and they do sales of $15,000,000.
So currently NGW is trading at 1 times sales.
We could easily see a market cap valuation that gives us 5 time sales. And possibly more.
Stock price should be trading at or near $.50 with these valuations.
This is why I continue to hold and add to my position a bit at a time.
