Huge Valuation Gap: OMH vs Press Metal, page-139

Agreed, 95% of the PMB Tech profit comes silicon metal production which accounts for 66% of the sales, obviously metal silicon is very profitable.
Unfortunately link to the PMB Tech report is disallowed so here is PDF.


Unfortunately exact amounts of silicon metal produced is not tabulated in the report, but going on 9 9 months profit divided by an approximation of 50,000 tonnes produced and sold in 9 months it means US$600/tonne profit before tax.
The next question is what price do PMB Tech pay for power /kWh?
I'd doubt its as cheap as OM Sarawak