RE:Revenu and profit are the key
Net income is considered to be 50m not 20m.
Divided by 107m (undiluted) shares, this would offer an actual P/E of around 1.
Assuming a P/E of 4 fairly valued, price target could be easily $2 undiluted.
Everything now is depending on financing.
But in all possible cases I expect a diluted price target of $1.50 at least.
A second offtake partner - a wellknown japanese electronics producer - is in sight according to recent statements of the management.
I just can't see any reason why the SP is stuck around 50 cents and there are still investors eagerly selling at such prices.
If I missed something in my point of view please tell me.