Back of the envelope
Shares on offer = 1,087,527,490 x 0.35cents = 380mil
Forecasting US 50-60mil 2nd 1/2 cash flows
Using the lower US50 that’s AUD 78mil
78mil x full year =AUD $156mil
Market Capital AUD 380mil divided by $156mil full year approx cash flows =2.43 PE ratio
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