With zinc at $1.25Zinc is approaching the $1.25 level. In 2021, after the new treatment cost is set, Trevali's total cost of production should be around $1.08. That means at $1.25 zinc, they will make $.17 per pound. At a production level of 300M pounds per year, that will be $51M in profit per year.
The market cap is currently $130M. That would put the P/E at 2.5.