It shouldn't be too much longer. It is true SGLB is still mostly a business plan, and not a business, yet. But they have the product that can power the metal AM industry.
The 2020 AM Power report for Metal AM has the global supplier forecast at $6.9 billion euro, while the buyer forecast is $5.9 billion euro by 2024. If you take the middle that is global $6.4 billion euro.
Traditional quality control spend, and the like, run between 23 and 31% of global manufacturing spend. We know current metal AM QA is way higher with current methods. But if SGLB gets to be the QA embedded in the industry, at even 15% of manufacturing spend that would be a whisker shy of $1 billion.
Long before SGLB gets to that point we will see well over $100 per share USD prices. With the current share structure, $100 per share is only a $300 million USD market cap. I expect we will be a $300 million USD market cap company by the end of 2021, if nothing weird happens.
I expect a news release for fully functional closed-loop, SGLB embedded in more than one OEM, and a rather large warrants financing buy-in by some major corporations yet in 2020. Then it will be off to the races.
All the best,
Silversmith
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