I think the MC at IPO was something like $20 million (happy to be corrected). I can definitely imagine a MC of $20 million if we have the following in 2021:
- An efficient means of producing Nallarbor
- Supply of sufficient waste material to produce the necessary amount of MC
- Progress on establishing a factory to produce MC, Nullarbor, and Nufolium
- Material for CODI to start doing their tests
- Successfully demonstrated agreements to supply a couple of clothing manufacturers
- A patent or being close to a patent for the production of Nullarbor
Does anyone think that these things wouldn't be worth $20 million? I could be wrong.
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