underlying earnings?, page-9

"In my opinion the share price is rational because it reflects all the uncertain variables."

Perhaps you are right bloodwynch but in savage bear markets, the "market" usually overshoots on the downside because of fear and panic and a flight to cash.
MAP look to be really good long term value. To me there are bigger bargains at current prices compared to MAP, but I don't think there is any doubt the market has panicked with MAP.
I would look to really load up on MAP at around the $1.40 mark. $1.70 is very good value, $1.40 to me says "buy with ears pinned back".