Australia's largest stock trading and investment forum Australia's #1 stock forum

MNS

Click for more information

0.00%

4.2¢ magnis energy technologies ltd

Why invest in battery metal stocks when you can invest in a...

First 10 Last

Share
Profile

Follow
Fan Boy

36 Posts.

5

28/01/21

11:39

Post #: 50499742
Share

Originally posted by Wise_One: ↑

IMO this is a no-brainer hold

Frank Poullas in his interview with Alan Kohler stated that each gigawatt hour of EV production capacity is worth $5B & he says they're building the 2nd largest EV Gigafactory in the USA behind Tesla

The September investor presentation states very clearly their 58% owned iM3NY (New York Lithium-Ion Battery Plant) campus at Huron could support 4-5 GWh

Thats a plant valuation of $20-25 B (58% of which is 11.6B - 14.5B in value!)

Current mkt cap is 180m

When the 'market' realises this potential, giddy up. Yesterday's interview IMO was the firing gun

MNS is also the ONLY direct exposure to an EV gigafactory on the ASX (to my knowledge)

Expand

Why invest in battery metal stocks when you can invest in a battery metal and battery producing stock that isnt $800 US a pop eg Tesla, CATL etc. Of all the stocks on the ASX this one would have to have the most growth potential and exposure to lithium battery industry.

MNS Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
18 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 31 more messages in this thread...

First 10 Last

Add MNS (ASX) to my watchlist