Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-15

Thats quite a hard one to answer .....however there are quite a lot of people
who would put a val of more than a $100mill on the IP

Given the current market cap is approx. 15 -16 mill .... an outright buy could be anywhere
....maybe 4-5, 6 times the current market cap .

Guestimate only ....and with some more data that could be conservative
on the other had if they ran OUT OF $$$ it could be zippo

Thats where the "risk reward scenario comes in "

Best to look at some of the recent deals ( last few years in the sector )

I've got a feeling the new COO might be opening a few door ( and eyes ) to CHM - she's pretty savvy and comes with some very good technical & industry experience .