I've got a personal 3-6 month target of $3.1 ($35m MC)
It's quite hard to value micro caps like this but I believe a stock that's growing revenues 17% QoQ etc can quite easily justify trading at a 25x forward PE (NPAT $1.4m). Obviously this is disputable but the value at these levels is clear nonetheless.
We're also sitting on net cash of around $3m so won't need to do another raising unless for a bolt on acquisition.
Ann: TPC Investor Presentation, page-45
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