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flawlessm

04/09/12 12:15 PM

#2521 RE: equity8 #2519

agreed! pretty much admission that delay on contract is due to the size of it!
and who starts a plant to build 50 NPU-60 units...and a 2nd coming...
only 1 reason!
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benji2

04/09/12 3:43 PM

#2528 RE: equity8 #2519

You are welcome equity8 :0)
I am amazed the SP isn't going higher - but it gave me the possibility to buy in some more before we start to get higher...
Let's try to estimate the fair value for this stock. Let's take a very conservative approach: the CEO is talking about commitments for hundreds of NPU units. Let's take 200 - that's around 200M for the first year in additive sales, without counting the units (and that's 200M every year afterwards, that's recurrent sales during the NPU timelife). If we take a 10% profit and a P/E of 10, we can use the sales revenues as the market value. We are now around 5M value, so we could easily make X20.
But you don't open one plant producing 50 units per month in Korea and a new one next year in US if you don't have commitments for more than 200 units... so I think we are talking more about 400M or 500M - so close to X100 the investment now.
If you also consider the battery business in the future... we can dream and think about iPhones using Ecolocap batteries :0) then we are talking X1000 the investment!
Well, no matter what - this stock is much undervalued... we just need the first sales contract...