It's interesting as EN1 listed at 20c based on a 'conservative' estimate of market cap times total revenue which was below it's US-based peers.
We're now in the phase where it's obvious that EN1 is likely to be valued on ASX metrics moreso than US metrics so I've using EPS / PE ratio. I'd expect 1c eps should be easily obtained for the calendar year so 15c should be the initial price target post 4th quarter 4C.
Q2 onwards, page-7
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