I'm new here, so I acknowledge my vast ignorance and happy to get schooled here.
But looking at another company that's currently generating Lithium Carbonate (AKE), they're producing 4kt in a quarter which equals a revenue of 160m USD or 240m AUD. Assuming the ratio between revenue and net profit from AKE is similar for AGY, this equates to a rough net profit of <100m AUD. Now 2ktpa from AGY would then be roughly 50m AUD in net profit. With equity of AGY at 94m as of the Dec report, and estimated annual net profit of 50m, then I feel like a market cap of 570m at $0.41 is too high. Especially if we do a similar comparison to PLS or even SYA (if we consider what they're expected production is going to be).
AGY Price at posting:
40.5¢ Sentiment: None Disclosure: Not Held
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