Shows how insignificant the 2ktpa will be in the grand scheme of...

Shows how insignificant the 2ktpa will be in the grand scheme of things. They need to scale, and fast (also need to be able to produce said 2ktpa first...)

I think it also gives good insight as to a cap on the market cap you can expect for a company at this stage. Even moving forward, 12ktpa is likely the total they'll ever be able to achieve from this specific project. In an absolute perfect world, they'll achieve double that (need updated feasibility studies). I doubt most will gamble to hold onto a position for that long.

Eramat for example is valued at AUD$3.6b. In a speculation environment AGY may have achieved super high market caps (ie when it was ~80c I believe it was valued just over $1b), make of that what you will, but definitely brings perspective to an appropriate share price as well as a ceiling price that likely can't be achieved... yet anyhow.

I would say they should be on the hunt for the next big thing, but they need to spend every dime they have (and more) getting their current project working. Revenue will be nice once they are able to sell something, then I suspect they will scout for new opportunities during the 4-6 years 10ktpa will take to come online. It would be the smart move anyhow.

IMO DYOR.