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
72.0¢ |
Change
-0.005(0.69%) |
Mkt cap ! $355.5M | |||
| Open | High | Low | Value | Volume |
| 73.0¢ | 75.0¢ | 71.5¢ | $923.4K | 1.260M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 210647 | 72.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 72.5¢ | 4166 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| NVX (ASX) Chart |