Woah you guys are getting into some complicated reasoning
I figure it simply like this: BTC is going to continue to rally up and you can only put so much of a $ premium on a brand name
1 000 000 000 shares trading at .0062 says S.DICE is worth BTC6200000 @ $30 = $18,6000,000
Now S.DICE is a nice profitable site with a strong brand... but at 18.6mil I think it is a little over valued.
If the trend of BTC rising continues AND profits of S.DICE decline month on month as they have this month then I'd agree. But I'm by no means convinced the drop in profits this month are related to the price rise - more like just because the whale ran out of funds.
For those who say 'but it's more profit in USD this month' - who cares. It's the ratio of dividend : share price that matters not the absolute amount of the dividend. If you value the dividend in USD then you need to take share price in USD too - which, shockingly, gives exactly the same ratio as if you measured both in BTC. The yield dropped this month - which is what counts. If you're valuing based on P/E then if that becomes a trend then price has to fall.
We aren't at that point yet - whether we'll get there is very open for debate.