Saturday, November 28, 2020 12:54:20 PM
Most small graphite companies are not profitable and are not even publicly listed. Even those that are publicly listed are generally just in exploration and/or development and therefore do not have any substantial revenues (for example, Mason Graphite, Focus Graphite, Northern Graphite, etc.). But after searching for awhile, I did find one graphite company with revenues and that was Syrah Resources Limited.
Syrah has had ~$33M in revenues the past 12 months. This is similar to the revenues projected for STHC (15,000 tonne times $2,350 to $2,600 per tonne). So this will be my basis for comparison with STHC. The market cap for Syrah is currently about $270M or about 8.2 times their revenue. If I use this same multiplier for STHC, I get a market cap of about $280M for STHC or about $.75 per share.
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