Future share price

At the moment SMN's share price is $0.99 & to command that price based on a P/E of 15 SMN only needs earnings of $6.6 million. That should be accomplished with Delta's requirement to spend $6 to $7 million to be able to acquire sensors at a discount.

Looking further down the track, earnings of $66 million would command a share price of $9.90 based on a P/E of 15.

When you have potential licensing fees for tier 1 airlines of between $10 to $15 million & the sale of sensors at tens of thousands of dollars per aircraft, the $66 million looks insignificant & easily achievable. Now to have the licensing fees reach the $10 to $15 million level it would require the fitting of sensors on the majority of an airlines fleet. That would take a few years for airlines to reach that level. I would assume the licensing fees, each year, would be based on whatever percentage of an airlines fleet was fitted with sensors.

All that is required is a little patience & of course approval which appears to be only a matter of time before it is granted.

A few years down the track a share price of $20 is not out of the question.

I hope my above mathematics & assumptions are accurate.