Does the current share price reflect the value of our Property, page-49

Sure Smac, it would be nice, but how would we fund it?

To be at 3-5cents we would be a $60-80m company generating $5-10m profit annually. Do you think that is possible given what is needed to get it off the ground and promoted around the world?

This is an accretive acquisition. In theory, with our current losses, NS’s current profits and based on ASX listed companies average PE ratio of 20.2, one could argue bigger investors will see this as being quite good value to invest into.

Further, many super funds and institutional investors have parameters not allowing them to invest outside the ASX200 and ASX300. Ironically, Blackmores currently sits at 200 with a MC of $1.45B. We are some ways off this but the journey has commenced.

OBJ is so far off appealing to serious investors in its current state we were cooked. At least now we can be pitched to larger players (by Jan).

Just think, Blackmores generates profits of $50m per year with a PE of 27.

If using OBJ tech NS can enhance what they do and grow. Reduit hits the spot, it’s not wild to speculate profits could rise reasonably quickly. Now, imagine it getting to $15m with a PE of 25. Our MC would be $375m. A SP of $1.20 in the new or 6 cents in the old.