Market update on S5 Progress, page-151

People selling at these prices will be crying hysterically when company starts building the system 5 dairy on the premium land they own. You’ve got to remember this company only has 140m shares on issue with a market cap of only $5m. I would be flat out finding the worst listed company on the ASX about to go bankrupt with 10 billion shares on issue with a lower market cap than $5m.

A $25m market cap on global world standard system 5 dairy milking 3,000 cows per day for 50,000,000 litres of milk a year at 50 cents a litre would have the share price at 20 cents. If you put a price to earnings of 15:1 on $5m earnings you have a market cap of $50m to &100m with 15:1 being $75m. That would be a share price of 40 cents to 80 cents.

So if people want to sell me shares at 3.5 cent, be my guest and piss away the chance of a lifetime for impatience and a pittance.