For some giggles, let's look at what an ASX-listed company with...

For some giggles, let's look at what an ASX-listed company with a market cap of $500m looks like. This is roughly a comparison around what an acquirer would expect t be buying if they saw 30c as a T/O price (adjusting for some option dilution).

I have selected Strandline Resources, a mineral sands resource company (I don't own this company and only knew about it just now). MC just over $500m. It is still highly speculative in that it has revenue projections but no revenue as yet. A similar stage to where 4DS would be post-megabit chip.

So this company has two major projects (one in Australia and one in Tanzania), and the forecast annual revenue is a combined US$324m. US$140m is expected from the Australian project, which is the only revenue expected to start arriving within 12 months.

You don't run a US$5bn fab to generate just $324m of revenue.