Non-flammable graphene membrane developed for safe mass production, page-20

this article could give some guidance as to a valuation for Ionic, at least in part.

There are much better indicators of value Raider. Theses are the lack of a cornerstone investor, the absence of any commercial product or major investor in the company that delivers $$$, the failure to IPO, the misleading announcements that set timeframes that are never kept, the 'disappearance' of allegedly commercial products such as Smartsand, the never ending timeframes (Smartsand since 2011), the tech promises that are not economical, the lack of feasibility studies, the absence of product info beyond wild projections, the dwindling operational cash. Value???