I think the only reality displayed is the lack of a grasp of such.
If one was to be addressing a fixed operation with no current or future changes, one could indeed rely 100% on such.
Given that one is addressing something which is not (fixed), with significant locations coming on board one after another, utilization of such isn't accurate, reliable, or "reality".
It also seems to escape all, each and every location comes at quite an expense, which, conveniently omitted is the very same are not only extremely reasonable, but further support the value being created, as would be the case with the NV 30k, of which the past several months have seen similar operations sold for anywhere from $27MM-$58MM, and the companies participation in the very same for 50% being a fraction of the cost of the very same comparables listed above....Such can be applied as well to numerous others such as Dyer, Fremont, and the 15k manufacturing facility.
The current pipeline carries 21 different locations, operations, and licenses, with virtually all being addressed in a single quarter more or less in one form or another.
Exclusion of such isn't honest, accurate, unbiased, or "reality".