Electrovaya Inc (ELVA)

[geodan]

Math on potential of just 20% on new OEM sales

20% X 150,000 = 30,000 a year

30,000 X $20,000 ea = $600,000,000 a year. Now were are $20 million runrate. That would be a 30 bagger, but at a very low valuation. At $600 million of sales we would be superstars and get similar P/S as other EV companies say 10 x Sales so $6 billion market cap / 55 million now = 91 bagger.

That is the high end of what can happen.

But how many stocks have the potential if everything goes right to do that?

And that is just forklifts

AGVs and Other Projects: AUTOMATED GUIDED VEHICLE BATTERIES
? AGV Battery deliveries have already
totalled ~1000 units
? Electric Bus Battery Systems: Initial PO in
place and R&D funding support from SDTC
(C$3.8M from SDTC )