Volume, page-35

Dose of reality. At $5 and say a pe of 30, that equates to earnings of 16.7cps. Then say 170m shares, gives a required npat of $28.5m. Long long way from that.

With 20.5m options due to expire before mid dec, we will soon be up to 171m shares on issue. So at the current price of $1.17 and say a pe of 30, that equates to a npat of $6.6m already factored in.

Its fairly priced now imo. Next quarterly due in 3 weeks. If it disappoints, we could go below $1 until the next set of results in feb.