Ann: Beyondie SOP Project - Operations Update, page-138

If they can limit total shares to around 1B, achieve AISC of $375/T and sales price of $795/T. A PE of around 10 could see the SP at 40-50 cents in 12 months providing they can demonstrate continuous production equivalent to 120Ktpa.
I think the demonstration of continuous production may be more important than just announcing they have produced.
After that the SP should grow with the business and fluctuate with SOP prices and Fx.
I struggle with the $70M EBITDA using the $420/T margin from their $795 SOP price and $375/T AISC but I have no expertise in finance. 120x420 is $20M short of $70M.