**PLAS: CAD 0.20 today – what happens if Neos delivers?**
Okay, let’s play this thought experiment through.
Today: \~CAD 0.20
2026/27: Neos financing + construction begins
End of 2027: Neos goes into operation
2028: Production + first real cash flow
After that: Maximus
Long term: Scaling
Neos is expected to produce around 500 barrels/day.
At CAD 120/barrel, that would theoretically mean around CAD 22 million in annual revenue.
Maximus Phase 1? Around 2,000 barrels/day.
→ roughly CAD 88 million in annual revenue at the same oil price.
And in the long term, there is even the potential for significantly greater scale.
That’s the interesting part for me:
PLAS doesn’t have to go from CAD 0.20 to CAD 5 simply because the story sounds great.
It would simply need to prove things step by step:
**Financing → Construction → Neos → Production → Cash Flow → Maximus → Scaling**
If every one of these steps succeeds, the company’s valuation should inevitably change.
My personal, very rough roadmap:
**CAD 0.20** – Story/development phase
↓
**CAD 0.40–0.70** – Financing + construction progress
↓
**CAD 0.80–1.50** – Neos demonstrably up and running
↓
**CAD 1.50–3+** – Maximus becomes realistic
↓
**CAD 3–5+** – only if the scaling actually works
Of course, it could turn out completely differently.
The three things I would therefore watch most closely:
1. **Dilution**
2. **Does Neos actually work at industrial scale?**
3. **How quickly can Maximus be financed afterward?**
That’s why, to me, PLAS is not a “safe ten-bagger.”
It’s more of a bet that an
**“interesting technology”**
will eventually become a
**“functioning, scalable business.”**
And if that actually happens, CAD 0.20 could look pretty interesting in the rear-view mirror.
**Not financial advice. Just a bull-case thought experiment.**