A recheck of the RPS (not JP as I inaccurately posted earlier) Morgan publication.
Revenue projections: 2014 (10.78m) - with grants and tax concessions, they were spot on with this one - 2015 (24.20m) and 2016 (50.63m). The 2016 has a profit estimation of 11.00m with the estimate for 2018 of 53 million. If they got this right, mf89, there will be no hat on the menu for you.
with 1.6 billion shares out there, 53 million (If I have counted all the '0's correctly) profit which is 5.3 billion cents. This equates to about 3c per share. Any one hazard to guess what the share price could be for a company with profit equalling 3 c per share would be?
18.5c Top, page-49
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