Ann: Appendix 4E & Preliminary Report , page-4

Nice report and based on Moffat and Coleman's typically conservative approaches, a statement of $8M projected earnings gives me great confidence for this co in the future. Applying a P/E of 12 (even if the sector has 16+) gives this a SP of high thirties based on $8M. Assuming that the the 8 is conservative, who knows where the SP could end up. A quick re-rating into the mid thirties is on the cards very soon imo.