At 1.5c, m/c is approx $12.5m, plus $2m debt, less $4.6m cash for an EV of $10m.(ish)
Just pulled $1m in a quarter, $4m a year at that rate = 2.5x PE
If the 'Product and operating' expense does drop $2.3m for the next quarter and thereafter...PE of 0.75%
PE of 10x puts them at $120m mkt cap, or 9 - 10x current price...a price too high for it to seem possible. I must have made some critical errors in my calcs.
CNW Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
