chairmans report, page-25

re: valuations dont factor costs Basically the way I took the Chairmans statement was "the share price is going to go balistic when people wake up". He was compelled to mention it due to the glaring upside.

As far as talking about Share Price when comparing companies, you have to look at Market Cap (Share Price x Shares Issued) as Shares Issues vary between companies.

You can not say X company is worth $SP because Y Company is worth $SP, because X Company might have 100 million shares and Y company might have 10 Million shares issued. Always go back to Market Cap.