Portee, I think H was taking a more literal approach that a penny a day on a " speculative, high risk, high return and invariably highly dilutive" junior was not a realistic expectation. that's not to say that one year from now KXL could be $4.18 ($.53 +$3.65).

Realistically speaking in the "speculative, high risk, high return and invariably highly dilutive investing" world KXL could still be at $.53 350 days from now and still average 1 penny a day after 365 days.

The implication being that most of your pennies are made in a hand full of days and this is true of markets in general