As I was saying, if the price stayed the same until 2005 its PE Ratio would be 2.2ish, if then MCR's EPS increased at its current growth rate which is appears to be able to do then 2006 EPC will be 58c or a PE Ratio of 1.13. However I don't expect this rate of growth to continue much futher, maybe around 30ish% per year once things are fully developed.
Cheers
Tejay
looking good!, page-7
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