Stock now is only 5 x earnings with this small profit by my rough calculation.
Profit to more than double in 12 months. I can't believe that the share price will stay at 2.5 times earnings in 12 months time. If we hold 5 x earnings and earnings double with 3000 tonne, must be a minimum of 10 cents a share. I'd say with a more consistent proven track record it should move further than that. IMO
Add to that an announcement of Indonesian partner with potential billions in revenue......
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13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $28.28M | |||
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