PharmChem Laboratories Inc (PCHM)

[LMLYP]

$42 price target conservative.


Leaving out international expansion.

Leaving out all non 24/7 program business.



South Dakota population 870,000

United States population 325 million.

The U.S is 375 times larger than South Dakota.


South Dakota's 24/7 program administers

5,000 tests yearly.


IPSO FACTO


The U.S. would be administering 1.9 million patch tests.


I think that's around $50 million dollars in revenues for PCHM

Because of the cash rich balance sheet and highest profit margins and

fastest growth around, a multiple of ONLY FIVE, gets $42 a share.

And that is leaving out much more business.


We could be looking at $100 - $200 stock.


And I'll be dreaming of $1.05 bid by summer?