excellent report. , page-18

$0.006 cents EPS / share and the stock is at 11c, that's still a high PE ration, granted will increase this year with production ramping up. But IMO the price increase from 6c in November till now has already factored a lot of this in.

The danger I see is Woolworths squeezing the margins (like the do to every producer) with a 25% stake in GRB and with a 100% stake in WOW they would prefer cheaper prices for WOW than a quarter of the dividends from Gage.

All I'm saying is this stock was cheap 4 months ago and is now fairly priced at 10-11c IMO.

Lets say they make $3 a carton (fairly reasonable after all costs allocated), 1.2m cartons, that's 3.6m earnings on 300m of stock or EPS of 1.2c for an 11c share.