With regard to the Gold Coast, crookers, you said it...

With regard to the Gold Coast, crookers, you said it yourself.."Many small operators".
Exactly the market that SLK will avoid. This is a business that has tried to build moats around their operations. Most of the markets they are in, they either have a monopoly or they are in the dominant position. Long may this continue to be the case.
This is why Perth will take longer. I am sure their aim will be to achieve a dominant position in that market too but they are starting from a smaller position there.

As for achieving $4.80, I expect a lull in the share price for a while until SLK proves itself as a sound operator of the Fraser Island resorts. This is quite a step to get big time into resorts. If they succeed, in a couple of years $4.80 will be a distant memory.