Figuring out the market value post-listing is complex, but if...

Figuring out the market value post-listing is complex, but if you go by the top 10 global EV Battery makers that are US listed in 2021, they have a market cap between $2-$4b USD per GWh currently produced, with CATL being at the top end of that.

IM3 team expect to be at around 1 GWh production capacity during that Listing process and 1.8GWh by mid-2022.

Factoring in that MNS owns about 60% of IM3 and some dilution is expected to raise that next round of growth funding, at 50% diluted ownership, it would put MNS somewhere in the $1.8b AUD market cap (or SP of around $1.5) if you're very conservative which I personally prefer, but a theoretical upside possibility around $5b without any future growth factored in (or a SP of $4.7). Then a good ballpark beyond the first 1.8GWh is $1b AUD per additional GWh, or $1 in SP per GWh. If Nachu comes back into play for real, then add another $500m to MC I guess.