For price target, here's my take. The share price can run high to $0.6 and I'll explain.
If you look closely how it moves on low volume, you'll see that it can gap up very high quickly. If they share news about bitcoin mining, that's very big. If they share news about acquisitions that are going to generate millions of dollars in revenue, that's very big also.
Let's do tiny math though:
The float is 310,483,708. If they have a plan to generate up to $4 million in revenue/profits this year, that is $0.0128 earnings per share (EPS). There is no dilution so we can safely assume that the Public float OS will not change so this is based on public float. Most stocks are trading at PE multiples into the future, so if we use a conservative PE multiple of 10, that puts us at $0.128 price target alone. But then again this is speculation. I don't know their plans yet.
Mind you most companies have debts and that factors into their net profit.
BMIX which just ran and touched $0.1 today on massive volume, has revenue last quarter of $954,295. Their OS is 1,395,432,833 from their 10Q. That is an EPS of 0.0000683. Today they touched $0.1 before coming back down to 0.05 which means with volume they traded at a PE multiple of 1464. It did it because well, they got lithium exploration permits. The company hasn't generated any money yet and it ran that high based on that.
So if we use a conservative PE of 10 for CSLI, we'll be at $0.12 near term for projected revenue. If we get tiny decent high massive volume money, and even use conservative PE of 20, well be at $0.25.
If we blow the roof, we're going to be mining bitcoin and everyone gets in plus other sources of MJ revenue, we can use a PE of 50 and still be at $0.64.
Notice my PE multiples never even reached 100 for the types of run we've seen where everyone just jumps in for the ride. These projections may be wrong and I'm just speculating here. But yes, like I've bene saying, wake me up at $0.5
