Let's bring the Navy on board., page-13

I'd say we'd need an NPAT of at least $80-$100mil for a MC of $3billion to come into play.

I personally think a valuation of $3 billion MC is a pretty "pie in the sky" type thinking considering where AJX is right now. I'm not a total believer in the efficient market hypothesis, but if it were that obvious AJX is heading to $3 billion the MC would be much higher than it is now.

I think a MC of $500 million to $1 billion is in the ballpark of what to expect over the coming couple of years. That's still multiple bags from where it is now. In saying that, I'll happily be surprised to the upside.

In other news, was reading this article from the news back home. Was surprised to see the article was all about military footwear manufacturing breaching the Berry Amendment - not exactly your typical story that features in mainstream news:

http://www.nzherald.co.nz/world/news/article.cfm?c_id=2&objectid=11475754

New Balance (an american company), funnily enough, wants to see the berry amendment enforced. I remember there was chatter a while back about military footwear. Just thinking out loud and putting 2 and 2 together...