making me sob, page-3

Hi

Based on projection of growth advised by management for the next 5 years and assuming $2 profit per case, the NPV @15% (I would not expect any less than that) should be ~$18m. Based on $302m shares on issue this equates to a PE of 1.65! Is this reasonable? I would say PE should be min 20. That would equate to a market cap of 200m in 5 years or $1.2 per share. happy to share calcs with you if you email me on [email protected]