pe in 6 months

SP has been a little esoteric up until this year.

However, if the company is suddenly becoming a revenue generator in not-too-many-months, current sp would seem ridiculous.

The projected earnings of $7M pa from Newcastle startup gives a current pe of 3 (depending on overheads of course). In the current climate, what would be a reasonable pe?

pe's across the market have factored in expected earnings reduction. APG earnings are expected to go up (albeit from zero).

Once decided, I hope that contract conditions are spelt out enough so that the market can see the longevity of any deal done with steel players and to give certainty on earnings expectations.

We also need to know how the BFS is being financed. Dilution? Charitable shareholder? Earnings?

So.... what pe? Fergus?