Hi Kcheers, Charlesn & AForester,
Thanks for pointing out my mistake. Apologies, to all, the F up Fairy certainly made a visit there. No intention to mislead, I read the wrong line when I was typing.
Yes, according to the ASX the market capital is $484 million. So to achieve a PE of 10 we'd need $48.4 million profit. The current market PE for the sector is 14.2 so 10 is conservative.
Yes agree, on point 2 there probably are existing roads that will need upgrading.
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