Agreed. Let’s wait for the floodgates to open before we contemplate any early stage takeout value.

Somebody asked whether it would be best for shareholders if the .75 warrants expired out of the money. I guess that would depend on what that cash could do to accelerate commercial production. And there are of course other considerations. The warrants provide management with a target to get the share price within range to be exercised and make the holders who are big shareholders happy.