Hi Pabs
I am coming up with similar numbers to yourself. However, with battery input supply shortages OEM's (especially Tesla and VW) will want to lock in agreements early to guarantee there will be no impacts to their operations. I suspect if we get a pre order for 10 years supply from either of those companies in the next 6 months it will be worth more than 10 times.
Talga Valuation, page-3
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