Sometimes I wonder about the purpose of these totally...

Sometimes I wonder about the purpose of these totally misinformed and unresearched calculations. Your PE calculation is fine except:

* did not take into account options 100mill+ options about to be exercised
* first quarter EBIDTA was $950K which is already well above the forecast $3mill
* the forecast was base case conservative estimate
* forecast doesnt take into account the following:
- upgrade of Port Hedland facility
- fine tuning and potential upgrading of TDU
- growth by acquisition

So what is the real PE and value it should be at?

Well thats where the PE calc is fine, adding the extra shares and extra revenue, comes with a very similar result of around 14.

Being in the early stages of its growth I would think based on everything ahead that TOX could comfortably trade at a PE of 20, so I expect at least a 25% increase in shareprice. After that it depends on how well the business plan is executed.

If there is a takeover prowler in the lurks then what price would you give away your stock? Thats the value that they will have to pay.

Cheers