GL,

In your analogy of US real estate, I suppose I am buying additional properties at these low prices, fully confident that there is value in what are now clearly undervalued properties.

As for math, I agree we should do the math at less than $1,800.

As for me, I would consider $1200 ro $1400 to be the low end of the range. As long as it is economical at those levels, if the actual POG in 2014 is above $1500, then my penny stock should be into the multiple dollars. So I guess that makes me a Tyhee long, holding out for the end game. Your concerns about penny stock shareholders losing out is valid, and your comments that SP and numbers of shares has been a drag is true, however I chose to mitigate this by averaging down. It is a risky strategy, but one that I can afford to risk.

SKELLIG