Monday, October 03, 2022 11:31:19 AM
As of 2019 valuation.
They have 1,880 acres = $7,238,000
Just for their land value.
All facilities, technology, equipment, machinery, should be worth at least $5 million (2019 value) one would think.
That’s over $12 million in land, plant, facility, equipment assets.
We’ll call it $12.2 million.
And $12.2 million in 2019 value would be worth close to $18 million today, based on how the real estate market has trended up over the past 3 years.
$18 million (projected 2022 value)
Ensures us at least $0.25 per share, just on their assets alone.
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