Anavex Life Sciences Corp (AVXL)

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Cut patient count or cost per patient in half still gives us $1,650 a share.

Let's estimate profitability as follows:

Year 1 - $80 million, $1.00 eps x 15 multiple = $15.00
Year 2 - $160 million, $2.00 eps x 20 multiple = $40.00
Year 3 - $400 million, $5.00 eps x 25 multiple = $125.00
Year 4 - $ 1,000 million, $12.50 eps x 25 multiple = $312.50
Year 5 - $ 2,000 million, $25.00 eps x 25 multiple = $625.00

PMV (Present Market Value) with a discount rate of 5% is much, much higher than the current $7.90!