T: As for dividing the future asset value by the future share float - that's just how you do it, period. It's inexact, but at least it avoids making a 50%-400% error in target price.

Really ? Your variables and discounts could be 400% off ! So your "science" ends up with a 400% error !

But coming down to the basics (of your theory):

what is your current valuation of GNH based on your formula ?

FANTOMAS