Current PE is 9 (based on FY05 annualized unaudited NPAT) and 7 if you prefer to base your PE's on EBITDA (a better indication of the money generation ability of the company.
There are many companies in the 30 to 50 range.
If you take say 20 then that translates roughly to a shareprice of around 14c
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VIRIDIS MINING AND MINERALS LIMITED
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