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clock Created with Sketch. 19/03/18
10:07
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Originally posted by DoctorFouad
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I have no idea ! I am awaiting q1 and q2 2018 financials and see what are the prospects of the company, probably we wont know what Syrah is really worth in terms of fair value until end of 2018. of course I wont buy at fair value, I need a discount (undervaluation) and even a huge discount. I may shock some here, but I woould be highly interested at buying at say 300M$ - 400M$ market cap which means around 1$ - 1.30$ per share. that is 12x earnings of 22M$ annual profits reflecting 150.000tpa at 200$ margin per tonne and that is my most optimistic scenario for Syrah (50% nampeplate) at least for next 2 - 3 years. Time will tell though.
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Well you will be waiting a heck of a long time to get those prices. I think we will leave the valuation up to the professionals.
