General Comments & Banter, page-7543

Why X 10 ?
Would have thought X 20, giving MC of $400 million.

However, difficult trying to value a company based on net profit during its development stages (i.e. before it's a mature company) is always way out.
I've assumed 2,000 tonnes per annum output, as a mature company AGY is likely to be well North of 10,000 tonnes per annum (Orocobre is producing approx 12,000 tonnes and growing, and it's not near AGY grade).

So, future MC (based on my wet finger in the air analysis) means more like > $2 billion.

IMO