new haywoods report 4 dollars outperform, page-18

Jermaynew has been on HC since 1999, so I suspect he/she knows the relationship between sp and mc. Perhaps its a not so subtle way to raise a discussion that highlights the ridiculously low BMN market capitalisation compared to PDN.

BMN's market cap is presently $301 million, by comparison, PDN's share price when it's market cap was also $301 million (not so long ago) would have been approximately 30 cents. Similarly, if BMN's market cap rises to the same level as PDN's present mc of $3.6 billion, then (ignoring the dilution of future capital raisings for the moment) BMN's sp would be approximately .