In my limited experience and observation, most penny stocks (or "nano caps") can reach 200-300 million AUD market cap with no prospect of immediate revenue or significant business development.
6 years of research has already been put into this technology, so I dare say a market cap of 250 million is justified *right now*, with much more upside as newsflow comes through.
PO3 Price at posting:
$5.12 Sentiment: Buy Disclosure: Held