why, at the volume over the last 3 days, is the SP being artificially surpresse at around $0.32?

Why do you feel that the SP is being "artifically" depressed?

Balance sheet says it is worth $32 million.

Plus the $12 million for the PO

Less the run-rate for the last three months and we are at ~$40 million for "potential". I would say a 100% premium for potential is pretty fantastic!

As the "potential" gets closer to "actual" the SP will genuinely rise.