Ann: AGM Chairman Address and CEO Presentation, page-17

At various times across recent presentations the CEO has hinted at the potential revenue and suggested when you apply appropriate multiples it gives and indication of future company valuations.

It can easily be extrapolated therefore that a $20b market cap, not long after product launch, would not be unreasonable. What that equates to when you adjust for risk and time is anyone guess however giving the company away at $100m, $250m and $300m valuations with added options as incentives seems like it should be a thing of the past.

With the existing interest from institutions, I cannot see any reason why a premium to the prevailing shareprice (with added options) should not be the aim with the next capital raise. And future raises at a premium and without the options could then become the norm.