The report looks great! I like the way it's written- no fluff, honest and gets right down to the nuts and bolts.
If we apply 15-20 times earnings on a figure of last years EPS of .03-.04, we're looking at a fair conservative valuation of somewhere between .45 and .80. Now factor in the potential future revenues/earnings and conservatively we should be trading at or close to a buck. All just my opinion of course.