There's competitor tech out there but many still need nickel or cobalt, and those that don't are 3 years behind in testing... Mns has minimal loss of storage, retains high power, and now I think it was 70% recharge in something crazy like 7 minutes (announcement earlier this year)
Jump today is more likely due to the announcement of the investor coming on board this week, who helped propel VUL forwards, as did his mum (Gina Rinehart) who got fomo and jumped in. They bought at 40c. It's now nearly 30x
Been a while but you can normally pin $1bn+ to 1GWhr and MNS will have the equipment it bought for $5m of the back of a truck two years ago up and running at 1.8 inside 12 months. Producing in the USA....
Then there's the graphite resource, you'll have to check website for that, been a while since much happened but they're shovel ready, requiring finance. Purest in the world
It all sounds too good to be true, but this week seems to be a bit of an inflection point
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