valuation

Just started researching this stock even though it was mentioned to me by a colleague when it was .165, however money was tied up. I noticed a few good posters here trade4profit and raks, already a good sign, Raks I am just wondering have you done a fair valuation of this company? I am doing the research now to come up with my own, just wanting to see if you've already done it. I almost never join a stock after a run, but may make an exception in this case depending on what I come up with tonight.
Any realistic valuations based on realistic assumptions would be great help, thanks in advance.
Well done so far holders!