Ann: Annual Report 2017, page-24

Here is my calculation.
With 1.775,547,109 shares on issue a sp of $0.113 equals a market cap of $200M.

If OBJ earns $6M pa this will equate to $0.00337924 per share and if we apply a PE ratio of 32 (generous imo but favoured by some) this equals a stock price of $0.108.
Totally achievable imo and evidenced by the BOD given their share grab estimate of a 10c share price last year.

But if you apply an industry PE figure of 11.5 we need to earn $16M.
Market PE of 15 we need $12M.
Our current share price of $0.04 is factoring earnings of $2.25M pa. Which is probably spot on but not taking into account our IP, future developments, future revenue growth etc.