I agree, the company could very well be worth that much, however what we need is a substantial amount of new buyers to come in (given the fact that not everyone will hold until it hits 10.00). This is a reasonable possibility though because that is exactly what this TSX listing will do...
"Canyon has also closed the final tranche of its non-brokered private placement offering (the "Non-Brokered Private Placement") by issuing 857,142 units at a price of CDN $0.35 for gross proceeds of CDN $300,000 to a company owned by Anthony Harvey, Chairman, CEO and a director of Canyon."