SP = 0.082
Their project has NPV > $40m, fully diluted market cap (SP would need to reach 0.25) is $14m.
If all options were converted and with cash on hand, they would have $17m in the bank.
Will be a producer in 2008 with 6 year project and are looking at further projects using the same technology.
IMO accumulate now if you want an excellent 12-18month play
