i think you will find that if we get another quarterly like the one we just had, 30's should technically be well gone.
if we have Cash earnings of say $10 a quarter if all production lines are fully functioning, 4x10x a multiple of 8 tells you that this thing should be more like +60c.
these numbers are not as astronomical as you think but what is a miss is the fact that Mel still cant get solid investors to jump in. there has been no movement since his Asia ventures.
All it takes is 1-2 whales to jump in. the volume and price still tells me there is no real "large" interest in this yet. seems like mums/dads and you/me still moving price with the one or two people cashing out on what i would call "cheap profits".
stay the course. im not selling under $1 and thats that....will take a year and a lot of consistent performance.
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i think you will find that if we get another quarterly like the...
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