Remember Target ... $12.36, page-34

You3 ..underwhelming I expect ..just a modicum of success will do ..All great things take time...even God took seven days!!!
I traded Pen over the years but I never got a chance to buy at near book value until recently when accumulated at and below 6.2 cents very near book value at 5.8c and it did get for a little time get below book value. ..today book value is about $1.16... As you can see we are still trading below Book Value.

A price of two times book value is normally still a cheap price but a very good return if you buy near book ( book value of BHP is $17.11 .. price $40.17 just over twice book...and Rio book value is $34.03 and price of $62.31 ., almost twice ) but with a good showing of pen evolving in the use of the technology we can wait and see the impact on price .At present there is no premium built into the price of Pen...so downside is limited until success is achieved.
All the best to All.