Thanks for the clarification. PE ratios can be a dicey thing. In one of my earlier posts I commented on investment styles and growth companies. I think (not 100% sure) that published PE ratios typically are based on 12 month trailing earnings. So a relatively new and/or fast growing company (TESLA) will likely have a high PE ratio, but if one calculates a foward PE (based on analyst's estimate of next year's earnings), that PE ratio would be more moderate (I don't know what TESLA's forward PE is). For these companies (growth), I believe the stock tends to trade based on forward looking PEs ... maybe most due, don't know.

So, a year or two from now, when we have earnings or have earning estimates from management, I'm thinking Omag's market price will reflect the forward looking estimate.

Here's an interesting thought: if BV turns out to be $30/share (excluding estimate of future NPV ... which adds another $10), the market MIGHT consider adding a premium to the price based on expectations of future earnings.

Alas, once again, I am getting ahead of myself. After today's price movement, I might want to reconsider my rock?