"And from that point of view I don't see the advantage of doing a PP at $0.004."

Through the windshield, that's how it looks. In the rearview mirror, at some future time, it might look like a tremendous opportunity, taken or not.

Hindsight is worthless, foresight impossible, "Vision" risky. There is no other way for the little people, but for the well-situated, I suppose the risk can be 'structured' to an acceptable level.