At 0.3 cents, the market is $11,070,068 At 0.4 cents, the market is $14,760,091 At 0.5 cents, the market is $18,450,114 At 0.6 cents, the market is $22,140,136 At 0.7 cents, the market is $25,830,159 At 0.8 cents, the market is $29,520,182
So at drilling, a market cap of $30m is not unreasonable.
As for the 3,551,644,439 options, their cash conversion value is $23,410,194. This means the options to not factor into the valuation until the DMN share price reaches 0.6 cents
At 0.7 cents, including the options, less their cash value, the fully diluted market cap on 7,254,167,149 shares & option will be $27,368,976.
So a reasonable share price target at drilling is 0.7 cents or a market cap of $27m
THEREFORE, DMN is not overpriced at the moment
It is money market and we need to use our brain some times and not emotions.
Regards
DMN Price at posting:
0.3¢ Sentiment: None Disclosure: Held