Ann: Shareholder Newsletter, page-56

Thanks Gusman great site! ok the PE for Specialty Chemicals Co's in the US is 26.61
Based on my calcs of the cash EPS which is taken from the figures in the newsletter and HIGHLY CONSERVATIVE:
AJX sp 2016 = .05 x 26.61 = $1.33 (this assumes only 10% sales of the full DoD contract, all other sales are achieved or in train)
AJX sp 2017 =.20 x 26.61 =$5.32 (this assumes 50% of DoD contract and no further increase from 2016)

That's a big difference, again all I am imputing is a discounted figure of the Sales forecast as printed in the newsletter.
If they keep up the growth rate I believe that the EPS could easily be around .40 in 2018 with a sp of $10!
So in the short term the market must factor in the declared sales forecast for 2016 and rise up to $1.33 but then in 2016 it needs to factor in a new EPS for 2017 so we could see a sp approaching $5 AUD in 2016, maybe mid way after the quarterlies.
Vigorous debate welcome.. I would post the entire sales table off excel but I cant seem to do it, if someone could tell me how I will post it.
With any other company I would say these are not achievable so quickly, but knowing this operation I am actually pretty sure they will do it & more.