From past comments from a number of board (not bored) people, I think the break-even really ranges all over the place, but probably mostly lower than your number (sorry!).

That being said, anything is possible.  Keep in mind that the book value of this company is in excess of $20/share.  And the net present value of expected net cash flows is pretty high (I forget the number).  The hiccup(s) have always been associated with outside forces not executing when expected.  As a result, the faith has dropped precipitously.

If/when we get a new investor along with $25m in cash (or more, hopefully?), then this project can actually get started.  And once that happens, milestones should start to be reached and (hopefully) faith restored. And if that all comes to fuition, then there is no reason that the stock price would not reflect the value in this company. Once faith is restored, I would expect this penny stock to climb north of $5 and $10, etc.  But managemet has absolutely got to nail down a new investor.

Hope this helps.