So, my basic calculations of MC would be – MC on previous close...

So, my basic calculations of MC would be – MC on previous close as listed on HC was about $27m (at 0.14) plus 1.6b at current price of .014 would be another about $20m putting the market cap at about $47m (not including the potential impact of other options which may be floating around / EAS performance shares etc).
Obviously there is huge potential in LWP but do people really see it as warranting a market cap of above around $50m at this point in the company development? It seems to me about fair value but I'm pretty new to investing in the smaller end of the market. Any thoughts on what fair value might be for a company of LWP's potential? There was a lot of talk of LWP re-rating to about 2-2.5c following announcement but was a market cap of around $100m ever realistic for a company which is still just potential at this stage?