valuation for ems is 88c per share, page-6

I agree - they mean valuation is 88c today based on factors out until 2013.
If they are selling 60m units at $5 ea with a margin of 30% (as per the Aequs report) this would give them a profit of $90m (say $60m after tax) with P/E of 8 gives mkt cap of about $500m which is about 15x higher than where they are today - say $2.40. Of course this all depends upon margins (management says the GM will be 40%, not 30%), level of sales, admin costs and the appropriate P/E which may be lower or significantly higher than 8.