So, if I read that right.

Currently we are at 1,100 boe/d, targeting 6,000. So we have just over a 5 fold increase coming in the next 12 months.

Current quarter earnings was $5.5 million. Five fold of that is $27.5 million/quarter or $110 million/yr.

Current market cap is $333 Million or 3X those future earning projections.

At current prices we are about 15X Earnings. Conservatively let's say we scale back to 10X earnings a year from now, that would put the share price around $4.20. At 15X we would be $7.30. And this assumes no positive news out of Quebec in the next year.

I would take those numbers. Either of them.

I am sure this is oversimplied so someone please correct me if I am horribly off base.