So MNS has a valuation done on an asset they own of approx $50m AUD (MNS share) that can be accounted for and the current market cap is around the same value... so the market has no value on Nachu or simply dismissed the valuation of the NY battery equipment..
Independent valuation completed by O’Brien & Gere a wholly owned subsidiary of
Dutch engineering giant Ramboll Group on the battery plant purchased
Ann: New York Battery Plant Independent Valuation, page-36
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