Forigve my ramblings on Moly, but there aint much to do at work...

Forigve my ramblings on Moly, but there aint much to do at work right now. How come people keep having a 12month valuation of this company at $7.50? their operating costs are $7.20, and hopefully the price of moly will remain at around $30/pound. That gives them a margin of $23/pound x 24Mppy = EBITDA of 552M. That roughly values them at around 5B or so. For their SP to be $7.50, that would mean there had to be nigh on 700M shares on offer. That would mean them issuing 600M shares at $2.00 to fund the project. ANyone else want to comment?