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I understand what you are saying except the valuation of 10 million, how do you arrive at that particular figure.
when chartists start predicting what they think a stock is going to do they still need to have the fundamentals or positive announcements fall into place or it's a guessing game, for instance if someone says it should go to 4c based on the technicals and the company announces bonanza gold recoveries in the first month of mining where 10 000 oz's were produced at a cost of $300 per ounce we could say for the quarter we could have a profit after costs of approx. $27.9 million x 4 quarters =$112 million approx. per annum divide by number of share holders (316 million) comes to a grand total of 35c per share.
while these figures are fictional is this the correct way of calculating market caps for small producers?

regards timmo