General Discussion AGY, page-21392

If I get the time next week I will do a proper DCF FCFE for AGY. But the outcome will probably fall around the same mark as I have said with key assumptions being a terminal growth rate of 2%, 8% discount rate/ cost of equity, and using your ~$141 million pa. Perhaps if I scrap your $141 million pa figure and go deep and really build out a proper spreadsheet, the valuation would be much higher.

Rational is indeed subjective. You believe what you are saying and your investment thesis is rational, but clearly it is not to people currently investing in AGY, hence the price rise. AGY, and the rest of the lithium stocks are highly correlated to the lithium price, it really is as simple as that. Thinking too deep is not going to help you, I have been there before many times.