Once the USA plant kicks off and reaches full capacity, a fairer PE range might be 10 - 20.
This would equate to a price target of $1.38 - $2.69.
That would depend on the prospects for further growth, actual profitability, and any additional processing improvements that are made. So sure, there's plenty of potential for MHM, and it could go beyond that price range over the medium/long-term.
announcement, page-45
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