Great post Mysterium, though shouldn't your EPS calculations be based on net earnings and not revs? Base on what we know about actual profits on the BTL contract (3-4m in profit after raw material costs, plus 1m in a licensing fee), I estimate that net earnings on $20m in revs could be around 7-8 million, about a third of what you used. One third of .013333 is about .00444. If we give that a conservative PE ratio of 10 that equates to a stock price of almost 5 cents. I'll take that, and that's based on only $20m in revs. I anticipate much more than $20m in revs once the train is barreling down the tracks!