ckkoa, page-14

....at 25c SP, this company would NOT be a failure. I think the market is no longer valuing this company on a speculative basis but rather on earnings. This is why it's MC is around asset book value at present. For the SP to be 25c, the MC would be around $60M[depending on number of shares in play]. For the company to be worth $60M, on a ROI of [say] 10%, it would have to have historically earned a profit of $6M. Considering it's O/H and expenses are around $500K/month, it would have had to generate a post-royalty revenue of around $12M/year. When investors again see better future earnings, they will start to pay a premium on the SP. This company, IMO, will be a solid investment in the future...It's not a case of IF as much as it is WHEN...it's all in the timing...and it has a MASSIVE upside because it's coming from such a low base....and things are coming together!...the future looks very bright.....Let's all have a beer..."Cheers Bigears!"................ :O)