Ann: MoU with Foskor and Port Update, page-180

I am allowing for more dilution in my assumptions as previously posted. That still leaves me with a target multiples higher than the current sp.
Your turn. You have been very one sided this year in your thinking about what the sp will do if they miss production start up next year.
What do you expect the company will be worth after production ramps up, assuming that does happen next year as currently planned?
Do you have a sp target or market cap target and have you given thought to how much profit you expect they could be making in their first year of full production at say around 150,000tonne?