lol - all valuations are theoretical other than the current...

lol - all valuations are theoretical other than the current valuation which has the SP at 1.5c.

The $6m for 25% valuation is only relevant to anyone who has $15m they can provide to GMC on similar terms to PJS along with extensive networks, status and experience in Indonesia. I don't have that so will look at what I think the company is worth if they achieve their plans, discounted for my view on execution risk

I'm in for a small MT hold on the options as of today. I think there should be sufficient news flow over the next 3 months which should push the SP along.