investor roadshow, page-83

firsova,

You are right... there is a lot of blue sky built into MHM, and if the market believed that MHM would by 4m per year for the next 10 years then 24m would absolutely be the correct share price.

I wonder why the market is valuing MHM at close to 100m?

Maybe the current shareholders believe that the current management actually have a technology that will benefit the industry.

Maybe the current shareholders have seen the amount that this management team have accomplished in the last two years and dont believe they will be resting on their laurels.

Just to confirm. I do agree with your 24m market cap if the current management were hitting the golf course every afternoon... But I suspect they are actually writing contracts with Tier 1 firms and building processing capacity.

I am pretty sure we all see this as a slightly speculative investment, which is why we have variations in share price from $10 to your $0.24