I have no idea ! I am awaiting q1 and q2 2018 financials and see...

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.

Maybe Syrah could pull a "flawless execution" and achieve this year 180.000tpa and next year nameplate at 300.000tpa ? Highly unlikely IMO, this is mining and delays are part of the game !