No offense... but assuming growth % to remain the same is not...

No offense... but assuming growth % to remain the same is not conservative as thats an exponential curve which is harder and harder to maintain.

I'd say getting equal growth actual (i.e. another 20million) would be conservative (~50mil revenue).

your figures are quite aggressive I'd say... and also, even on future earnings you suggested (EBIT of 10million with 30% tax assumed - 6.67mil NPAT) the company is still currently sitting at a PE of ~20. it may extend to 25 (40c) but future earnings PE of 20 based on 71% annual YoY growth is quite aggressive as is.

However Momentum is in the up direction so it will probably stay above 30c IMO.