managements initially forecasted a profit of $700K for the 6 months to 30/06/05, but the actual profit was double that. so if they initially forecasted $3,000,000 for the year ending 30/06/06, going by history, we could expect profits of approx $6 million. at P/E of 20, and around 500 + million shares on issue, i think its fair value could be 24 cents by financial years end if history is anything to go by. still got futher to run.
