I consider it on topic at this stage as it is a general discussion about similar businesses that are public and how they are being valued.
Fairly valued ? The market says yes, these types of plays can and do demand high premiums as it is the newest of tech and VERY topical.
I have put my family in only 3 stocks this whole year, this is one of them. At 2 million market cap it is a must buy imo. When this starts to trade above .03, it will trade much different than the past few weeks.
Interestingly, the free markets decide what a companies market cap should be worth.....that being said it didn't hurt GFGU hired the same promoters that SPNG uses.....imho