He considers several scenarios - I think that his are very optimistic and they are no where near $50 by 2024. We won't have any significant volume until the next plant is sending out 30ktpa from 2025, and even then I think $50 is optimistic. These new facilities are going to cost a huge amount of money - especially for the buildout to 150ktpa.
I think once we hit 150ktpa and the cathode arm of the business is either producing or licensed out, and we look at options in the UK we could be looking at a $50 share price.
I'm a believer in the NVX story, however we also need to keep realistic vision.
NVX Price at posting:
$1.64 Sentiment: Buy Disclosure: Held
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