I know. When you look at these numbers...

I know. When you look at these numbers (https://hotcopper.com.au/posts/55985142/single):
At a super conservative (and I really I don't think you could be much more negative) production costs of 2x the 5k/t stated, ie USD10k/t, then that's still A$13k/t profit at last week's LCE prices, or $30M for the 2kta plant. Factor in that PLS sold lower grade SC5.5 yesterday for almost 2x the August price! https://hotcopper.com.au/posts/56065218/single . As you say @Poohbear , one year's worth of profits, with current Li prices, essentially pays for the plant!

Using those numbers with a super conservative PE of 20 (given growth prospects), that's an MC of $600M (I had that calc wrong in the other post) = SP $0.45 for what is effectively a given for a company with a proven pilot scale process. x2.5 in 12 months - not bad!

You then add in x6 for 12kta plant, drop the PE to 15 and you get $2.7B! Even allowing for some CR dilution you are looking at an SP well north of $1.50. Disallowed in 3 years? Did someone mention LTR in 2018?

Whilst it would be nice to have that market recognition today, look at it this way. We count ourselves lucky that we have been able to see this for a while. IMO, let it steel our conviction to hold. Consider the lack of marketing finesse and corporate shine as our chance to still buy this stock at <<20c.

All we need to do is wait until AGY shines under its own achievements. The mind boggles what should happen when the market finally wakes up to today's fundamentals, let alone what will happen once we've got the 12kta plant, or more, and a much larger resource. And Tonopah. Slick marketing or not, OMG!