.20 assumes nothing changes.
With 1.05B shares outstanding, that’s only about a $200M market cap — which is fine if KBLB stays a development-stage story with no real commercialization.
But if they execute — deliver usable material, meet specs, and show repeat demand — you’re valuing a materials platform. It’s no longer a live bait shop in Vietnam. Assuming the holy grail really is the holy grail, and they maintain their position as the only producer in that space… while entering as the hottest thing in multiple markets… KBLB becomes an instant rock star!
At that point, even a modest $5B valuation (which is not extreme for a successful advanced materials company) puts the stock around $4–$5/share.
So the debate isn’t really about .20. It’s about whether they move from development to commercialization.
If they don’t, .20 might be fair.
If they do, .20 won’t even be part of the conversation.
The next PR needs to prove it’s not just made — it’s usable and wanted.
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