Valuation Model, page-31

Joint Venture is coming. Does not care about
models. When company set capital raise price, they valuating themselves at that price.

https://www.pallinghurst.com/2021/10/pallinghurst-increases-its-interest-in-nouveau-monde-to-21-showing-further-commitment-to-the-company/

Have a look at what happened to NOU.

Mitsui is our Pallinghurst.
Pallinghurst have now 21% of Nouveau Monde Graphite.
Why? Funding Millions comes with a price.

But it's not the dilution that's the killer. It's the price they raised the capital at.
NOU share price have now crashed down to that price of $8.62.

The same that happened to Talga now. Crashing down to CR price of $1.45.

Talga will have to give 20% discount to Share price, the same as Talga have done with last 3 Capital raises.

The same as Nouveau Monde Graphite have done. 20% discount.

The valuation of Talga will be whatever price they raise capital at for joint venture. Cause they themselves will value themselves at this price.

Look at LMG it rallied to 18c. Now crashed down to capital raised price of 10c. Cause they valued themselves.

Models are pipe dreams for pumpers. Currently we valued at $1.45 as the last capital raise price.

Next Valuation whatever Talga raise capital at for the joint venture. Valuation calculation done. If you pay more than that you payed too much. Be patient.