Hey fish, Not sure I understand your question but this statment should give you an idea ...

- marketcap is about 33 million, more than double that of Sage and close to KXLs.

Becuase its new, the valuation has no relation to other plays in the area. But based on valuations of area plays, this company seems to be 5 to 10 times overvalued. might be a good buy if it goes below $.15. .... or if the other plays in the area show their true value and make this puppy look cheap.

IMO of course