yes trading at 2times earnings is absurd (i think 10-15 times is the real price, maybe 18 don´t know)
we all can only hope that s-1 will bring us the big rebound and new investors - but i think not more than 2-3 $ my guess
when there will be out news about drillings and so on and change of stock exchange then it will be a BIG ROCKET and will rice up much more faster than felix baumgartner reached the earth ;-)
hope the management have enough good stuff for us all