General Discussion AGY, page-21384

I always find it much simpler to do back of the envelope calculations with the basic variables that are relatively simple, compared to instinctively synthesising by reference to what others have done or might have been worth by cherry picking whatever variables suit the narrative.

So, JZ has talked about long term prices of around US$20k/t since long long long before the big drop. In fact he was talking those numbers when things were red hot and on the move up and well above that number. Plug that into a PE analysis based on 2,000 and 12,000 a year as a start. Then you can mess with the share value based upon dilution to build the thing to your hearts content.