one thing i will say, page-23

I would really like Deidre to post how she arrived at the forecast price to earnings of 2.

Please show me the analysis? The current P/E for the dredge reprocessing is on about 18 (from a previous accurate post by someone following the quarterly. Check it ppl) If you take into account that INL is also in the business of share trading and advertising a significant amount of their recent profits from share trading, then you may get a lower P/E. But not by much, because if you do (say half), then INL will not be able to deduct accumulated tax losses in future since voting power of ownership is changing rapidly and it will fail the same business test as applied by the ATO.

Some food for thought.

Perhaps trudy44 could also ad her piece to the analysis of P/E forecast at 2.