at current share price of 37.5c IMO the company should buy back...

at current share price of 37.5c IMO the company should buy back 100M share instead. That will cost around 37.5 M

Then with just 146405610 shares registered and $120.5 M cash in bank. Each share will have a cash backing of 82.3 c

With less number of shares available on market + attractive development plan of existing positive income producing assets + good future opportunities open up (if you have cash in hand there are alway opportunities). Well a $1 share price target is not too far to reach