Valuation is subjective phenonema. Everyone has different metric systems. The beauty of the stock market is the mystique around the improving fundamentals of a company.....if everyone knew for sure where a stock price was going, or whether or not an equity is "fully valued", there would be no speculation, and honestly not much PPS appreciation or interest.
But that is not the case. The supply of stock for SLP is extremely low, and the demand is high. This company has a proprietary software technology that may accelerate the scale process. Because of this subjective phenonema, there is excitement, speculation, and fundamental knowledge by others more informed, that is probably driving the PPS, as well as simple Econ 101, supply and demand.
I'd rather compare notes in February, and beyond. I'm a swing trader, but SLP right now is a buy and hold, unless the chart proves otherwise.....
Good luck to you and others....
Silver