LOL, I knew when I posted it, that you would be the one asking me to put my neck out for an estimate!! :)
No expert here, lets say earnings are 60mil (Langes forecast) multiplied by 30 (for sector PE) / number of shares on issue 350 mil (after upcoming placement???) = $5
With so many variables and timelines changing so quick... by the time Lange upgrades the earnings forecast, we may skip 30 altogether. As soon as we see a quarterly which exceeds forecasts and/or get a FY of actual earnings. Thats when a valid PE can be calculated. NMS is a growth stock and is still not out of the speccy woods, but i'm confident it will make up an index sometime in the future.
LOL, I knew when I posted it, that you would be the one asking...
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