Corporate, IMO Kalenn's estimates are a bit optimistic, but achieveable if sentiment in resource sector picks up.
Kalenn's price targets are when we are producing and making a profit, so we will be "established" at that point.
A high PE is only justified if there is a very good growth potential, and I Guess Kalenn is very bullish on our growth potential after stage 1 and 2.
One company could be producing 100m and another 50m, but the 50m can have a bigger MC, because the market loves its growth potential. Which just goes to show how reliant the market is on sentiment.
GL
AVB Price at posting:
7.0¢ Sentiment: LT Buy Disclosure: Held