Ann: nearmap announces US expansion, page-8

WEll - how about $40m revenue - 8 costs, @ 35% tax = 20.8m npat in FY 17. Add Aus npat - maybe $10m to be conservative.
$31m @ 15x PE / 374m (incl options) = $1.24 ps. However if successful - would expect 25x pe maybe - so $2 - but we are not there yet, if we indeed get there. All the options make this a virtuous cycle from here as the SP goes up and options are exercised, and cash is received.

My target $1.24 over the next 6 months or so - seems crazy? Management have delivered in the past - so why disbelieve their guesstimates? Would love to hear if management have been way out on anything?