Viking, I'm taking a conservative view and my answer is also b. A p/e of 4-8 still means that SIAF would be very undervalued at that point considering the growth, prospects, cash flow and profitability.
Anyway, that will give us an upside of approximately 1000 % in about 1.5 years. It would just be the beginning though, imo, if SIAF continue to deliver as I expect.
Near term we look forward to some news about the BOD, the cash dividend, the financing deal, the dual listing and perhaps a few new farm deals.
Have a good weekend all.
Benoit