CATL's SP performance truly is impressive:
having trebled its price since its stock market listing earlier this month. It is now valued at more than $US24 billion.(1)
There's different accounts of their current annual GwH production - the highest puts it at 11-12GwH. This gives a Market Cap of $2B per GwH.
Behind Tesla in Nevada and LG Chem in Michigan, even at 1GwH, IM3 in NY will be the 3rd largest gigafactory in America.(2)
Magnis will have a total interest of 47.3% (43% direct) in IM3 NY.(3) Based on CATL's MC, with 600m shares on issue (allowing for a small CR as a capital top up), Magnis' MC from NY alone equates to a share price of $1.58.
I think the SP gains as we move towards production in H1 2019 will be impressive. Of course, by that time, Magnis' other projects that are on the go could bring significant additional value and SP gains.
IMO, The future looks bright
1. https://reneweconomy.com.au/worlds-biggest-makers-ev-batteries-46208/
2. http://www.miningweekly.com/print-v...ts-tone-for-battery-cathode-market-2018-04-12
3. ASX MNS announcement 14.6.2018
- Forums
- ASX - By Stock
- MNS
- CATL to build electric car battery cell factory in Thuringia
CATL to build electric car battery cell factory in Thuringia, page-2
-
- There are more pages in this discussion • 97 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MNS (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $50.37M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
MNS (ASX) Chart |
Day chart unavailable
The Watchlist
CC9
CHARIOT CORPORATION LTD
Shanthar Pathmanathan, MD
Shanthar Pathmanathan
MD
Previous Video
Next Video
SPONSORED BY The Market Online