Tryoty,
I strongly agree with what you have to say. Please let me add that over 1/2 of my portflio is erhc so I want this company to suceed.
For the most part I get upset at peoples unrealistic expectations of value, how fast we will attain it, and effects of news.
I do disagree with your $5 present valuation. You can also cite exxons 40% sell of block 1 for 77million which will give you a different sense of value (I know, lots of other factors).
The ultimate gamble on value is how much oil is there, excluding of course a buyout based on an educated guess.
Our profits will come. You have more confidence in a higher price then I do but I'm still ecstatic with less than 1/2 of your prediction. Hell, I'm pretty happy with .29 for now over the low teens we kept flirting with.