Undervalued Potential @<10% FZO mcap, page-38

From the Gordon Capital research report on Tesserent's own website.................

https://tesserent.com/media/blog/2016-gordon-capital-reports-fy-201516/

With the infrastructure and resources now in place FY 2017 will be about driving growth and building sales momentum. We are forecasting revenue of around $7.5 million, about 60%, growth, with a much higher annual run-rate in the June quarter. With the full year impact of the Blue Reef acquisition and recent staff appointments, overheads will again markedly increase. Accordingly, we are forecasting an EBITDA loss of around $1.5 million and a net loss of around $2.0 million in FY 2016. Nonetheless, cash flow from operations could be close to breakeven. In FY 2018, we think that revenue could exceed $12 million and a maiden profit as a listed company may be achievable.

If Tesserent can get to 12 million this year (and I am not saying that TNT have said that, despite the Gordon capital report on their website) - then yes 100 million market cap achievable in a few years.