i wouldnt put too much stock in the morningstar fair value estimates. they are literally random numbers especially when you get down into the small and micro caps. the hard part about this industry right now is the bubble factor. if we realistically look at revenues for 2019 we are looking at 4-8 million. x7 is 28-56million cap. its at 90million right now. if someone can make a case for a a 40 million dollar 2020 then we can start talking about a 30 cent stock here. But there is always the bubble factor too.
Commsec recommend to buy at $0.1!!!, page-18
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