Confident enough to value a share at 10+ BTC.
10BTC per share sets the market cap of AM at 4 Million BTCs: With 21 Million BTCs ever in circulation, that's pushing it - The most likely option is we ride the bubble-train to those waters, then deflate at some bubble-defining-moment to more reasonable worth. That could be some big name getting in the game. Ask yourself how much you'd be willing to pay for an AM share if you just heard that Intel or AMD had started designing new chips specifically for mining. With the coming divs, remember to keep a cool head.
(Without anyone else in the game and those divs, I'd pay 6BTC. With AMD/Intel/competitor with strong product... 0.5 to 1BTC maybe?)
Excellent observation about the total bitcoins in circulation
When I was thinking that number I measured by Cap but if the market value went up to 10 billion from 1 billion in a years time
The value per bitcoin would be proportionately different and so would the share price per equivalent share in Asicminer would certainly be less than 10 btc as each bitcoin is a lot more valuable.
If AMD/Intel went in I would like to see for myself their chips capabilities before buying, making the firmware is well within their capabilities but of course would need to see how they run.
That said even if AMD/Intel came in I still think Klondike firmware would hold its own by the time they make that choice unless they adopt it themselves but it would be interesting to see how the market reacts to that type of news.
Asicminer would need to adjust its game
Good 2 bits