Yes it could well be cheap, trying to value this graphite assets is so hard, just how much is there and what quality, not to mention demand and pricing trends and gov regulations, that been said could be a big opportunity for someone who knows what they are doing and having the required expertise and business connections.
The new business looks ok @ a quick glance, a good revenue stream and national brand.
Should be cash flow positive, current S/P looks to low after restructure. I just wonder why the current owner would sell for 350M shares @ .05 and a $1m business loan.
