I think the key is that it has doubled in 6 months.
In 6 months time does the RATE double again ie 100% growth?
Anyway the market loves exponential growth. It is forward looking so will buy up so long as NEA keeps on kicking goals.
I expect a Morgan Stanley price upgrade to be $2 to $2.20
Ann: Investor briefing - Full year results to 30 June 2018, page-30
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