Another buy recommendation from The Bull., page-14

We have to be realistic, it has run harder year to date. With EBIT up to 10m this financial year, the PE ratio is more than 100, assuming next year production volume hits 45ton, that is about 120m, EBIT about 4 cents. The momentum can push SP to $2, but it has to be backed by fundamentals. In my view $1.5 is a fair value without any other big projects. Near term, the price will be under pressure together with market. It may test the $ 1 again