things looking good for a

Its seems reassuring that we have hit 64.5c for the second time within a few weeks. What was especially reassuring was the climb from 57c to 63c on Wednesday, on what was a sea of red following the drop on Wall Street. Looks as if 65c will be passed this week if not on Monday. I thought I would throw in my envelope notes.

NTA of $101M
Market Cap of $81M
Forecast profit this year of $11-$13M, assuming the latter, the PE would be about 6.2
Forecast revenue growth of 15%, however, this was before the JV announcement in May.
Assuming a 4c dividend with a record date in late August, translating to a dividend yield atm of around 6.2%

Without contract news it looks like we now have a target of 80c with the bear market factored in. Good chance for a quick 20% capital gain leading to the FY accounts in late August.