Startups like this one are hard to value. Easily could give it a $200M valuation (~$0.60-$0.70) at the stage they're at if it was all private equity. Alternatively could also give it a realistic $1M valuation based on book value + IP. By the looks of it, the market want to see commerical interest, some kind of proof of life for the technology as claimed, and some revenue before they're happy with anything over $10M.
Spinnova has been valued at $650M after factories were made and the proof of concept built, last time I checked they were at $80M, so NC6 could be a 100 bagger. It could also be a nothing burger.
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