You raise a really good point.I'm certainly no expert, but my impression is that a lot of future value is being factored into the SP.
From what I've seen, NAM derived revenue (IAW current plans for scaling operations) would justify current MC by around 2023/2024. Having said that so much of the company future operating concept has been derisked and the 'envionmental/market's conditions a certainly favorable and improving constantly.
None of this even factors in the NVX cathode division and even a possible full battery development division.I think the current price is likely to remain fairly stable given the conditions.
Stability?, page-2
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Last
83.5¢ |
Change
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Mkt cap ! $408.2M | |||
| Open | High | Low | Value | Volume |
| 87.0¢ | 87.0¢ | 82.8¢ | $1.416M | 1.688M |
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| No. | Vol. | Price($) |
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| 4 | 42517 | 83.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 84.5¢ | 18425 | 3 |
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| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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83.5¢ |
Change
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| Open | High | Low | Volume | ||
| 86.0¢ | 86.0¢ | 82.5¢ | 516895 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| NVX (ASX) Chart |