Put some numbers together for this now that I have seen the quarterly... Had to base the PE on pre tax for the moment (usually done post tax but with carried losses and being a growth company it is hard), ratio is still high to start with as it is a junior with growing revenue.... Expenses will really need to be managed well because even at the current run rate they will look to spend some 5mil this year.. What does seem to hold this back a bit is the performance rights... There are some 21mil to be released up till 2020. very hard to predict what the gas opportunity may bring in the short term so probably factored in very little in regards to that. So what do I feel the fair share value would be at the moment.... I would actually say anywhere from 40 to 50... should the next quarterly show good growth and likewise I would then hope share price would appreciate to around 50 - 60 by EOFY
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