research, page-11

Hi Footsie,

Posted my EPS targets on the other channel as per your request.

I haven't kept revenue forecasts particularly up to date - I am happy with AET and haven't re-analysed lately. Off the top of my head, I'd say around $45m ish for 09 off the back of booking around 2/3rds of the order book and $15m from Whyalla. Probably about $2m from AM2.

I haven't changed my old profit forecasts for Whyalla - about $2m NPAT I think from memory - and I think I put the AM2 ones somewhere.

Sorry, working on something else and too lazy to string all my old snippets together for now.

AET can only be a small position though I reckon, as liquidity makes it messy.

Cheers,
L.