If all goes well, we could hit $35 within 5-10 years. All that would take is for Coal India to upgrade 1/3 of their 600MT annual coal production to Pristine-M. Let's do the math...
200MT * $3/ton royalty = $600M in annual royalties. $600M * 10 P/E = $6B market cap $6B / 157M OS = $38 per share !!!
I'd guess Coal India could cut a better deal on the royalty, maybe $1.50-$2/ton... but consider it would be logical to use a P/E ratio of 15 to 20 given the 15-20 year life expectancy of the processing plants... so it works out about the same, $38/sh.
------------
In his latest interview, Robin Eves said he conservatively expects to sign 6-7 license deals in 2019 with $6-7M due in upfront fees. Royalties begin rolling in once the first commercial plants come online about 9-months later. He said most licensees will start small with 1-MTPA and quickly increase to 5-10M tons with a license fee of $1M per 1-MT capacity + $3/ton royalties lasting 15-20 years. Within 3 years, Mr. Eves hopes to have 30-40 license agreements and $50-$100M in annual earnings.
Their test plant is expected to be finished by January and the testing of five 500-ton batches of foreign coal will begin. First licensees should sign end of 1st quarter. Wyoming New Power is currently raising $80M for their 2-MTPA plant and contractually must sign within 6 months of commercialization with a $2M license fee.
News 
Market Data 
Discover 
AI
