Thanks for following along and explaining how I got to EPS. We...

Thanks for following along and explaining how I got to EPS. We may have used slightly different outstanding shares to get a very slightly different number, yours obviously for 12 months, mine for 6.

I’m pricing it at 12-15x the PE. I agree a 12x PE would be fairer. I guess it depends on what the other lines of business are doing beyond Pentium and what the market is prepared to pay for what could be comfortable double digit growth for the next few years. I don’t think this is just any old mining services company, which I’d use a 4-8 EBITDA multiple to value depending on the company and where the industry is in a cycle. Either way, if you take a 6-8 multiple or 12-15 PE. Fair value is around 30-34c and I think that’s a fair price target for this company.