If we assume that DXN collects $3.1M - and converts lets be...

If we assume that DXN collects $3.1M - and converts lets be conservative and say 50% into profit, so $1.55M into net income, that gives an EPS of $0.008 (assuming no dividend). Given 182,312,501 shares outstanding, that gives a PE ratio of around ~36. To put it in perspective with some of the larger data companies such as NXT, which is trading at a PE of 137.

If DXN was trading at the same PE - we would be looking at a SP of ~$1.13. This is just something to look forward to if management can convert their initial confirmed sales into a 50% profit margin.

Obviously we have a long way to go before we are generating that sort of net income given massive expenditure in the first years of starting up, but once management generate some scale, we should see share price rise given any sort of actual net income result.

I am very confident that this management team can get it done following a very successful listing. If Macquarie are holding a 5% stake, that should speak voumes about the confidence in this company and the potential it has in such an incredibly booming and upcoming market.