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chemist72

11/28/20 12:54 PM

#30991 RE: buccaneer1961 #30990

Comparison of STHC with another graphite company.

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.