Ann: Quickstep 2018 AGM Presentations and Outlook Update, page-10

To double the share price from here (if no dilution from future cap raise) they probably want to show about $6-7m is annualised earnings (i.e ,arket cap of $85m)
They can probably get close(ish) through the work they are doing in lowering costs and improving margins combined with the revenue growth.

I suppose the worry is in 5 years when the F35 revenue may start winding down instead of increasing. This is where we need to see what else in in place.

It feels like a real grind, but they are heading in the right direction.

To get this thing up to 30c, they would likely need to win a big big contract (which would also ensure a cap raise - IMO). So 4 times the the current SP to get to 30c implies market cap of $180m. but dilution (in this scenario) will depend on what SP they raise at. Therefore might need a market cap of $250m to get to 30c which implies annualised earnings of $15-$20m (pending future growth outlook) - possible?