RE:Well I stand corrected by RE... thanks but......The $70M is based on partial year revenue on Phase 1 only. Once fully operational, you have 2,250,000 sqare feet times .1kg/sq ft times $4 per g (or $4,000 per kg). So I calculate revenue of $900M per year when in full production. AGRA owns about 50-60% of the production, so that improves your figures drastically. $900m time .5 ownership time .25 profit gives me $112M profit, which is equal to $.30 per share profit. Currently selling at $.65 per share so that is a PE of about 2.0. All very rough figures. Valuation is based on future capacity, not current capacity. Still lots of unknowns, the biggest ones being when they receive their actual license and the ability to sell the product, but that is also why the potential for gain (or loss) is as high as it is.