There are so many variables at play here that I won't even try...

There are so many variables at play here that I won't even try to guess, but we have 4.5 (?) billion shares out there and we're talking many billions of dollars in assets if the play is proven to be a viable one for production and a JV offer or major buy out is put on the table. 88E have said they are not interested in production; they are an explorer, so the buck stops at proving up the play and selling off the land rights / company to a major. The more proven it is, the more valuable it becomes.

Considering the share more than ten-bagged off the sampling of good hydrocarbons being down there alone, I'd like to suggest that if/once the company becomes an attractive candidate for JV or buy out then we could see much heavier multiplication than that. No reason in my eyes that $1+/share wouldn't be attainable at some point if the expected circumstances are met. My own loose calculations actually put it much higher than that, but I don't want to get people's hopes up more than I already have