Probably much more important than the re-pricing of the warrants is the quote from Randy Miller.

He says that this report will help bring the Langmuir property to "the next level"?

Shall we make assumptions about that. Perhaps it means an all cash sale, a complete take over of ISM, going into production, a joint venture of some kind, an off-take agreement with a major producer. We can go on and on. But the cows will still be home by midnight.

Don't rack your brains out too much folks. Good will come, eventually.