AND your fully diluted is wrong. You seem to be assuming 400M bits of paper whereas the fully diluted number of shares is closer to 720M.
On Revenue of 5M per annum from shallow gas, the NPAT would approximate 2M divided by 720M shares equals 0.0027c per share multiplied by a P/E of 15 equals 4.2c per share. The market is just about spot on at 4.6c.
NEO
nuenco nl
