Dear Santa, page-6

Hi. Been looking at grb since the recent rise caught my eye. Seems attractrive proposition even after recent price rise.

From last update they brew 11 mill and by 2021 they are targeting $1 ebitd per litre. With max capacity of 17.4 mill.

So if they grow demand that requires max brew capacity by 2021, though could be a bit much to ask?, at target ebitd per litre that's obviously 17.4m ebitda.

Eps using ebitda rather than npat is .02 at 15x target share price of 30c. Maybe?

The major players are protecting themselves from missing out in the growth market and likely to be considering grb given its the last small player in top 5 market share.

Almost convinced myself to buy some.