Good question. A market cap of $20M - $30M, or $0.02- $0.03, in the short term on the expectation of additional graphene orders seems warranted. (Graphene Canada currently had 3 military orders from the Canadian government.)
Also, in the short term if we get a very large order, or the company gives guidance, or a hint that operations are further ramping up, then my target would rise to $0.05- $0.10.
Long term. I see BIEI/ Nova Graphene Ballistics getting bought out by a global material corporation like DuPont.
JMO