you could be right.Assuming a doubling of 09 profit ($23.2m) to...

you could be right.
Assuming a doubling of 09 profit ($23.2m) to $46.4, this represents EPS of around $0.19 consensus EPS is around $0.205, so this represents a slight short fall. Hence potential disappointment.

However to me, this must be viewed in light of the change in share price.

Share price is down by 25% from $2.
EPS disappointment is around 8%.
Further more this disappointment is due to operational issues. FY12 is still forecast to be strong.

Conclusion: in this market investors want instant gratification (outside of the the speculative resources market). The market is not prepared to base its valuations out to 2012.

Hence the share price could be weak for a while to come.
This probably means that CSV will not be a good trading stock.

But for me as an investor i am happy to acquire further shares on any further price weakness.