Just topped up on MNS today. I would buy more but don't have enough cash at the moment.Reasons for buying MNS:- owns 63% of im3ny- will start selling batteries in early 2022, and is fully funded to build battery plant of 1.8GWh- plans to expand battery plant to 32 GWh by 2028, which is close to the current size of Tesla's giga Nevada (currently 35GWh)- has binding offtake of $655m, which is around 55% of its production capacity, with more customers signing agreements- im3ny has enough capacity to sell $385m USD in batteries a year ($500m AUD). This is calculated based of C4V announcement that they had offtakes of US$450m for 70% capacity for 3 years at 1GWh- im3ny will list on the NYSE- battery stocks in the US are valued at 7-10x FY22 revenue- if we use a conservative 5x revenue, that's $2.5bn market cap for i3mny, of which mns owns 63%, so $1.6bn
- MNs current market cap is $314m- forecast market cap of $1.6bn is based off just the existing funded plant of 1.8GWh and doesn't take into account possible expansion to 32GWh or the Nachu graphite project.
Have I missed anything?
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- Ann: New York Battery Plant Annual Capacity Increased - 1.8GWh
Ann: New York Battery Plant Annual Capacity Increased - 1.8GWh, page-66
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