I reckon it goes higher, potentially a whole lot higher and its...

I reckon it goes higher, potentially a whole lot higher and its purely on the feel good story of what they sell and its all blue sky currently. The financials don't count at this stage as they don't have any to talk about. So for the next 6-12 months it will be all hype.

But look at all that blue sky, consider last months presentation where they identified a potential market in the US alone of $144bn in revenue. Lets assume the technology works which by all accounts it does, then let's assume they secure 2% of the potential market in the next 10 years, reasonable assumption? who knows but its certainly possible. 2% market share gives them $2.9bn in revenue. Now COH & CSL's NPAT to Revenue is roughly 20%, lets assume they only make 10% margin which gives NXS NPAT of $288m which at current SP of $4.25 gives a PE of 2.6x. And that's ignoring sales from the rest of the world.

Very simplistic analysis but you can see why the SP could go well higher.