What price for $1m or $10m? (I have a small amount to go between 5-10c to offset some capital losses)
Just to show I am not completely 1 eyed about it it's worth remembering that the P75 was just one analyst perspective. We might be only P25 or 50 in reality. Another caveat is that in the mining analogy you are granted a tenement with legal rights -in this case there are thousands of people all drilling the same mine so it is a competitive environment. That's why I try to follow the money - Genentech is the committed one so far on biologics - if anyone commits on iMYC then we are definitely P75 or higher IMHO.
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