Well for a start the ASX is still fundamentally a mining/resources/industrials exchange, tech listings never reach the valuation they would on more tech friendly exchanges. The above is the reason atlassian would of never considered listing on its home exchange.
Versariens valuation is where I see FGRs valuation when it’s gets sustainable revenue or a change of team. I think their business model is pretty smart, they are selling themselves as a sort of incubator and a collaborator as well as producer. If the need arises I’m sure they can scale up significantly or take on new processes to manufacture graphene. The boards bios read very impressively and pay themselves fairly but the big difference is runs on the board as demonstrated by the revenue difference.
FGR have a demonstrated history of not achieving their own goals and targets all of which is laid out in the announcement history in black and white for all to see.
