Agreed! I've had to adjust the valuation a few times based on recent cost structure changes.
It takes 130k gallons of excelyte sales per month to hit breakeven. Average price per gallon is about $1.50.
This means breakeven occurs at only $2.34m. This proves how well the company has done with keeping costs down while growing!
Using this math I figure that at breakeven they will be around 30 cents. This is assuming a 40 PE which I think this stock will fetch quite easily with some good sales data and financial...
This is of course only the beginning. Once we hit breakeven and become a viable company the sky is then the limit.