A couple of other things:
1) the corporate tax rate should not be applied to revenue it needs to be applied to profit
2) it looks like all calculations are done in USD which means your dilution and share price targets are all in USD? (this is not clear when you refer to target share prices)
3) when you refer to "total revenue pa" pre/post tax I assume this is really free cash flow? (minor detail)
General Discussion Banter GLN, page-10651
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