The increase in the SP in recent weeks of about say 35% - or...

The increase in the SP in recent weeks of about say 35%  - or additional market capitalization of $400m.......means in very simple terms, a market perception of  additional profits of $40m PA.  ($400m v $40m annual profit @ PE10)


As I say, very simple stuff - please don't come back and turn this into something more deep and complex, than it is intended it to be ........but you know to highlight the absurd stupidity of the current market capitalization of this company - that SP rise which equates to additional $40m NPAT per annum , compares with profits after tax for last quarter alone of probably about $120m for the quarter.

One form or type of simple illustration therefore, of a share price.... completely and hopelessly detached from normal earnings to company size fundamentals.

I think investors here might be very surprised at how quickly the shares move to $1.50. I won't be taken aback, because even at $1.50 is pretty much still too cheap.