Obviously any proposed targets take into account number of shares on issue. At end of 2012 it was 140mill, now it's close to 240mill, so, as a general rule, unless the broker accounted for these extra shares in forward projections, in this case you can reduce the original price target originally forecast by 40% or thereabouts giving around US$2.80 which is still a decent premium on current share price.
Really though all these forecasts are just guessing games, how long is a piece of string? Simply the key to share price appreciation from this point on is the conversion of potential to bonafide money producing contracts, of which I am positive there are many to come in 2015.
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- Brokerage report from 2012 w/$4.75 target
Brokerage report from 2012 w/$4.75 target, page-3
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