For my estimate of Sally's forward price I have used the figures...

For my estimate of Sally's forward price I have used the figures available on Comsec (a compilation of 4 analysts)
The current p/e of Sally is 14.64.....considerably higher than it was a month or so ago. However the median forecast for Sally's EPS for 2006/7 is 35.4 cents at a p/e of 11.6.
Sally is expected to double earnings for 2007/8 - to an EPS of 74.4 cents. Maintaining the same p/e this would see the share price double.....to $8+
I realise that there other factors, the most important of which is nickel price. But from what I read nickel should be OK for a little while yet.
I invite your comments