Hi, my back of the envelope calculation is in a previous post in this thread - in fact the $5 / share valuation is nearer 5 years instead of 2, but the principle is the same. I see the company at this time earning $100m p.a, and on a no-growth (worst case) p/e of 10 that makes the valuation $1bn. For 200m shares on issue that's $5 / share. If you want to raise the p/e to allow for growth, or for a relatively risk-free fully franked return, then that only adds to the sp valuation.
NXT Price at posting:
$2.56 Sentiment: Buy Disclosure: Held
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