DC, i'll agree with you and say that the market has absolutely got the value of this company right (current valuation at this point in time).
However, as you well know, the market has been fickle recently for small-cap stocks. without proven results (cashflow, JORC resource or similar) the market is pretty much unwilling to assign any future value to any small-cap stock.
Basically, the 'now' of this company is pretty uninspiring if you were to look at a page of statistics, but the near (and hopefully extended-term) future story has some serious differentiators. the proof will be in the pudding as to whether management can deliver on what they have been promising for the last 12 months, if they can't there will be minimal downside to the stock (maybe it will go to 1cps), if they can then anything could happen. and the market will be wrong (it has happened many times before and will happen many times again... will it happen here?)
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DC, i'll agree with you and say that the market has absolutely...
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