"If we say the joint venture is able to reach $200 million in revenues by then (2025) and the rest of the business can ramp to $100 million that would be $200 million in revenues for POET in 2025. Using 9.2xs gives us an enterprise valuation of C$1.84 billion, a market value of C$1.90 billion or C$6.09 per share by 2024"
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IMO, this valuation will come much sooner after a couple satisfied customers explain their products before and after POET got inside them.