Guys a very very simple formula to calculate sp is to calculate any revenue after tax x pe/soi
Our industry has a pe around 20, but let’s assume 15.
Let’s say the 17,000 tonnes per annum is correct , well 17000*say even a price per tonne of 17,o00 dollars (conservative ) = 289m annual revenue let’s say we lose half in tax which wouldn’t happen but still let’s just say 145m
We take the 145m and * by 15= 2.175billion market cap / say 600m soi worst case scenario after plant funding etc - a sp of $3.63 that’s 23 bags from here !
Sounds crazy but that simple formula can work..........that is a good back of the envelope calculation many use successfully........if we are here in 2-3 years imo with that tonnage and soi and price for lce the sp should be around there
Please do not make decisions based on this post and note my disclaimer, please also ignore these estimates as they do not include bromine, boron, magnesium and iodine as one or more of those may be saleable!
Also none of this may happen , invest your dollars wisely ! I am.....
