iM3NY Valuation, page-6

Look at follow table, MC is 0.4 ~ 4b per GWh

So for iM3NY 1.8 GWh, value it from 0.72b ~ 7.2b MC

For example:
If we take it lower 1b MC / per GWh like BYD, 1.8GWh evaluation MC 1.8b USD

Just consider NY iM3NY manufacture only:

1,800,000,000 / 0.75 * 0.63 / 900,000,000 = AU$1.68 / share

IMO there is possible evaluate more than 1b MC / per GWh because its production and sale is base in US.