I agree, IMO those believing in a 1 billion$ market cap being undervalued for syrah, would be shocked when syrah reveals first revenue from sales / earnings numbers....
assuming they are able to sell 50.000 tonnes per quarter @ a reasonable average basket price of 500 US$ per tonne that is only 25 Million$ of revenue per quarter, assuming costs per quarter of 20 Million$ then only 5M$ profits per quarter, or 25M$ of profits per year, at 12x fair market cap:
125 Million$ fair market cap ?!!!
crazy stuff....they really do need to improve SUBSTANTIALLY their recovery rates to reduce their costs....otherwise I see a blood bath for investors looming on the horizon...the other possibility is to accelerate their BAM value added business....
I always considered syrah as a great very long term investment opprotunity, but not at 1 billion$ market cap where the upside potential is limited and the downside potential is huge...
it is now all about sspherical and battery anodes, they really do need to accelerate their plans, otherwise I dont see much profits in this bloody competitive small flakes raw material business where the chinese are ruthless....
Good luck to all !
I agree, IMO those believing in a 1 billion$ market cap being...
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Mkt cap ! $232.8M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 4 | 116777 | 22.0¢ |
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| Price($) | Vol. | No. |
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