$1 in 3 years. Not so sure about that. Without looking through the announcements, I would think they have around 100mill outstanding shares ATM. Add another 12-13mill if/when Adelaide guy converts his notes. Add another 80mill oppies at 20c and we have around 200mill shares (probably missed a few). Let's say in 3 years they have around 250mill shares at $1 each means a market cap. of around $250mill. A reasonable PE of around 15 would mean they need EPS of 6.7c which would mean earnings of $16.75mill per year. Let's say on they have a margin of 25% that would mean revenue of $66mill per year --> I believe this to be an unreasonable target in the next 3 years. I have a price target closer to around 40c per share in 3 years. As my buy in price is approximately 13c average I'll be very happy to take a 200% return over 3 years.(not including the oppies)
BRT Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
