The company has a net cash balance 86 mil USD at the end of last quarter, add another 100 mil to that for that grant.
186 USD converts to about 285 AUD.
Market cap is $350 mil AUD, with cash on hand $285 mil AUD.
There is a huge margin of safety built in in at this price, based on the data they have provided, once Riverside starts manufacturing, that's $40 mil of pure profit.
They already have a IP for both Anode and Cathode, if you invest with a 5-10 year time horizon, you should do well in my opinion.
How much will NVX climb, page-18
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Last
85.0¢ |
Change
0.020(2.41%) |
Mkt cap ! $410.7M | |||
| Open | High | Low | Value | Volume |
| 84.0¢ | 87.0¢ | 83.5¢ | $1.126M | 1.327M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 21390 | 84.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.0¢ | 62458 | 3 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
84.5¢ |
Change
0.020 ( 1.78 %) |
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| Open | High | Low | Volume | ||
| 85.0¢ | 86.5¢ | 83.8¢ | 300661 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| NVX (ASX) Chart |