I did a bit of DD on this one and, like the analyst, came up with 2004 earnings of $0.10/share x10 = $1.00 and 2005 projected earnings of $0.20/share x10 = $2.00/share.Seems there's 310 million shares outstanding with 2004 projected revenues to be $3 Million, double that in 2005.
So, I can see it getting to $1.00 this year if they meet their plan, which they have been doing thus far.
Once at $1.00, $2.00 doesn't seem that far off. But, at today's prices ($0.16), I don't think I'll hold my breath. A run to something over $0.25, possibly as high as $0.50-$0.60 seems highly likely in the short term.
My $0.02