".003 without Jab 1" - is bit far fetched..003 cents gives a mkt...

".003 without Jab 1" - is bit far fetched.

.003 cents gives a mkt cap of $22m which would mean it is trading on P/E ratio of 7 times expected June 2011 NP. Its current makt cap of $70m equates to a P/E of say 22x, which is still conservative for a Company that has reported additional contracts of $10m pa this year, which on its own should add another $2.5m to the bottom line in 2012.

The market hasn't factored Jab 1 into the current SP, let alone the new contracts - the risk/reason being AB's previous record and until he can prove he can deliver the SP will vary between .007 and 1c over the next few months.

I can't see it going below .007 unless there is another GFC, tsunamai, etc. I hope it does drop to .006 to .007 in the short term as it would be a good buying opp