newregime, the last line isn't too different from what i've done...

newregime, the last line isn't too different from what i've done saying it could go to 8-9c, 1c for backreef and 2-3c for the backreef area. It doesn't matter that the shareprice was 6.9c a month or so ago, that was before the whole market took a massive tumble, you need to add it to what it is now otherwise you're just arbitrarily choosing a starting price you like that isn't relevent to the current market (unless you're projecting x months/years into the future when the market has rebounded to the same level of optimism as in April).
Not saying it won't go as high as you're saying, if I knew that I'd be a lot richer, just saying what i've suggested isn't too different from that report.