Using a target IIR of 25% and an assumed 18 month turn around to...

Using a target IIR of 25% and an assumed 18 month turn around to a 10,000tpa production at a profit of $12,000AUD/t (yes quiet conservative) with a JORC upgrade to 20 year life with a 10% increase in profit per year gives a target buyout price at 631million which is a SP of $0.69 which represents a price increase of 255%

But lets be honest, although this is likely the price that would be offered for a take over if AGY can see it through to production 2- 3 years down the track and assuming a P/E of 15 (Onspeed has a already done to numbers multiple times) we are looking at $2.00 a share and more.

So I guess to answer the question I'd wait the 3 years to get a 700% increase + dividends rather then a 255% increase by end of the year.