For a $1.40 to happen it would have to be a 100:1 consolidation, a 10:1 will give you $0.14c at the current price. My bet is on a 20:1 once all options are realised and we are at 4B shares on issue. The 20:1 would give us a price of $0.28c at todays prices... but I feel once the tech feasibility is released and the finance is sorted then the Arrowsmith target price may be realised and hopefully surpassed. A 20:1 consolidation at a price of $0.04c would give us a SP of $0.80c post consolidation with over 200M shares on issue.
All IMHO.
Cheers
ESI's future, page-105
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