Great to get some perspective from the US. I agree with the...

Great to get some perspective from the US. I agree with the comments regarding over-valuation of US companies. It would appear Redwood are being valued as a tech play not a metals play.

Yes, we have capital for the small scale plant and a powerful partner but we will still have to raise capital for expansion. As investors that is not something we should fear, it is actually something that we should look forward to as it means we are growing BUT we want to do that at a much higher valuation.

With the right IR strategy we could also see "tech" style valuations for NMT. Given the underlying IP and scale up options that is a fair call.

In my opinion only, while metals investors may see value in each of NMT's projects;
a. they may not be the investors we want to increase the valuation at this stage and,
b. the battery recycling could swamp the others and therefore value (of the other projects) may be maximised through a designated vehicle. e.g. Widgie.

All looks very promising and we now have a new metric to discuss with potential future investors that makes NMT look extremely cheap. Will be interesting to see what direction management take it and what the reaction of the market is when this sinks in.

Cheers
SC