I've been playing around with some calculations trying to build...

I've been playing around with some calculations trying to build a spreadsheet with various assumptions with regards to AGY.

What remains static is
1- production of 2000kT per year from July 2022
2- Puna profit share of 10%
3- Argentina Tax rate of ~25%
4- Operating production cost of ~$5500/ton for the 2000kT (best estimate) and ~$4650/ton for the 12,000kT plant.
5- We seem to have officially moved from 10,000 to 12,000kT plant (going through approval process)
6- The 2000kT plant is fully funded. The 12,000kT plant is not.

What assumptions (low, high and likely) is everyone looking at for:

1- Lithium price per ton in July 2022 (production date for the 2000kT plant) and July 2024 (probable production date for the 12,000kT plant)?
Current price is $US 19,355
2- PE Ratio... Some say 10, some say 15, some say 20... obviously the PE valuation is subjective but interested in knowing what do people feel is a fair valuation for a company in its final few months before commercial production in a growth sector.
3- US$/AUD$ Do we assume the 0.75 as the magic long term assumption?? (the weaker the Australian dollar gets the higher the AGY valuation)
4- Tonopah... What assumptions is everyone making here??

I plugged in some assumptions and came up with a current valuation of $0.24 based on the 2000kT plant, and when we factor in the 12,000kT (and allow for the $200million plant costs and Capital cost and time value of money) I come up with a valuation of $1.26.

The discrepancy between the valuation and the market cap as we draw closer to full commercial production is unlikely to remain this wide.