Missing a big opportunity it seems. Should be a 400-500 million market cap in time.
200 million aud approx to come over the next 6 years,
npat at around 20 million aud. pe of 10 equals 200 milllion.
government contracts likely on the way which will increase npat further. If not why list on asx??
Plus there will be around 20 million in cash and growing.
50 million is insane, but that is the market sometimes. Making profit is not as important as land that may contain lithium or backdoor list an app that is not currently profitable. When this moves it will be quick.
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Missing a big opportunity it seems. Should be a 400-500 million...
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