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10:24
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Originally posted by Rob826:
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I'm keen to hear how you arrived at $5 mate. That's at least a $7b market cap, if not more through further dilution. In three years time, AGY won't even have the 10 ktpa expansion up and running. 2 ktpa Operation ~A$19m net profit per year 16.28 cents share price 1 2 ktpa Operation ~A$141.5m net profit per year $1.21 share price
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Not picking apart your numbers as there are too many variables. In the past, I've simply looked at competitors and their valuations to give me ballpark expectations. Of note, Orocobre when it was just Argentinian brine producing much less than nameplate with majority tech grade was in the 3 - 7 billion cap range (from memory so I may be mistaken). Although clearly not a direct comparison, provides an indication of possible valuations. With 12,000 up and running (and decent market sentiment) I think the 1 - 3 range is a fair call. With expansion to 25,000 bump that up to ~ 5 maybe. I'm happy with anything over 1 really.
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