Wait a minute... Tanzania? Isn’t this a battery manufacturing company with proposed factories in NY and Townsville? What does Tanzania have to do with anything?
Anyway.. that’s where we disagree. I think everything the company has done to date is absolutely baked into the valuation. You’re talking about a $200m company here with no tangible revenue producing assets online yet. It’s a monster valuation and you should be pretty happy it’s holding up at these levels.
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