KISS Principle IV (Black-Scholes valuation unnecessary): The actual value of a company or an asset based on an underlying perception of its true value including all aspects of the business, in terms of both tangible and intangible factors. This value may or may not be the same as the current market value.
In Baltia's case, the pumped up Market Cap vastly exceeds the IV, which on any basis, DCF or 'gut' is as close to zero as it gets.
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