Well, it depends on the how you view the product use. If you believe the maximum use case is as a porcelein industry raw ingredient, then based on our own PFS (pre-tax) NPV of $700M, we are currently fair valued or slightly overvalued.
However, if your view of the product use is in concrete applications, well...then perhaps we have another 50% upside.
If, you believe in the nanotech use case...well, who knows the actual value...???
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