At current SP - NBS has a pe ratio of just 5.5 based on NPAT of 49 million (their target profit which they has said twice now, are on target for this year) Target for 2009 - 10 they say is 80 million)
If NBS can land a contract to supply Drivers Licences or Passports to the Chinese under their nexcode technology, the deal would be worth many billions.
IMHO - The Chinese deal to code gas cylinders is just the beginning.
