If these guys continue to increase earnings by the same $ amount...

If these guys continue to increase earnings by the same $ amount half on half as they have recently then they are only operating on a moderate 8 x PE. If the growth were to continue in the same percentage as previous halves for 09/10 then they are on around 5.5x PE as far as the back of my envelope says. The growth on earnings will get this near to the price target you mentioned in the Herald Sun imo.

My own thought only of course:) Gluck...........