Monday, March 01, 2021 1:11:50 PM
We do not yet see as obvious facts justifying a valuation of $275 USD but I notice that Morningstar think the current justifiable market cap could already be 10% higher than current one (PPS of CDN $3.84 vs 3,59).
Morningstar also predict a 'solid downward pressure' on the pps for the next 6 to 9 weeks then, a 'downward pressure' for the following 6 to 9 months before.
It however shows that the market Concensus is a '1' rating as a 'BUY' recommendation (on a scale of 5, 1 being the highest rating possible.
Bottom line, I can imagine our pps be above $6 by year end if as I think, the company does as well at marketing/selling as the did at product development.
I however would like a better understanding of the plans for 'production' if my expected 'marketing/selling' do materialize.
BABY is part of my 'strategic' portfolio and I am very confident that by year end we will have a much clearer understanding of what we own.
GLTA
Patiently,
Roger
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