I'm trying to be conseravtve at $1. Don't forget the size of...

I'm trying to be conseravtve at $1. Don't forget the size of this business - less than 30M market cap
Market doesn't like giving such small caps PE premium.
Imdex much bigger business, more geographically diverse, and showing good revenue and profit growth.
Don't get me wrong, I think Essa looks great but yea I think a PE of 15 is too high at this stage of the companies development - ie lack of track record.