Very hard to answer re valuation. If you take a line through other similar ASX listed companies, it has to be more than $150m, which means around 15 cents per share, but if you look at the overseas peers at the same stage they were at a few years ago it would be a lot higher say around 25 cents. If you look at where it could go and discount it back, it is higher again, probably closer to 50 cents. Take your pick. I would be happy at 20 cents by mid-year.
LAT Price at posting:
5.7¢ Sentiment: LT Buy Disclosure: Held
