I dont think most people realise the NBN contract is priced in...

I dont think most people realise the NBN contract is priced in US$ @ US$400 per WNTD @ 30% GM. The value of the contract has gone up 25% in the past year in US$ alone. initially NBN was forecasting 150k+ installations per annum. If NBN gets going this could be earnings $20m-$25m EBITDA as a base case. Then you have other contracts wins as the kicker.