My intention is not to fudge any facts, the share price will be...

My intention is not to fudge any facts, the share price will be decided by the market not by my single view, it's an opinion.
But I'm sure most would agree the rapid climb from $2 to $12 was ridiculous, pumped well beyond what was justified.

Oversight on my behalf as far as phase 1,2 & 3 buildout goes but I disagree with $20,000 per ton for S/G, not on a commercial scale anyway even if current suppliers in China supposedly obtain that price, just searching google is not enough evidence for me.
IMO price will be closer to $15,000 but regardless revenue should still exceed $100million so we can agree there.

Phase 2 will require in excess of $400 million based on the $160 mil cost to purchase & fit out Riverside - phase 1
The $100 mil plus revenue will be swallowed up rapidly with such high expenses & expansion so Phase 2 will be extremely reliant on Fed funding.

I can't see any reason for the share price to increase much over the next 12 months, likely to briefly spike again after an announcement but as investors realise 2025 is where the Goose will lay the golden egg it's likely to retrace again just as it has done previously, possibly hold around $3 until late 2023

Maybe Novonix will be fortunate enough to receive substantial funding to scale beyond 30kt by 2025, more likely 50kt but that will still not provide an increase in revenue prior to 2025


This is my own opinion, not Financial advice.