Agree, cashflow is the important thing to watch for. It'd be...

Agree, cashflow is the important thing to watch for. It'd be nice to know what their annualised profit for the last few months is though, but I don't think we'll get enough info from the FY Report to work that out. If we can summise though that they lost around $5 million in the first half & are basically breaking even for the year, then for the last 6 months their annualised profit is around $10 million. I know I haven't taken into account the profit from sale of JRV shares but it would probably even out if they had made 6 months worth of shipments. If my sums are anywhere near correct, then INL is sitting on a PE of around 6-7 for 2008. Not too bad really considering the potential they have (assuming it comes to fruition).