I am going off a forward P/E of at least 12 for GDO although it will probably end up achieving a P/E of 20+.
We would need to double the share price to be close to a P/E of 10 bringing the share price to a more acceptable level being .73 cents and even then it would be ridiculously undervalued.
If GDO are able to ramp up to full production in early 2011 then the share price will probably end up being one of the best performing share prices for 2011 IMHO.
GDO Price at posting:
36.5¢ Sentiment: LT Buy Disclosure: Held