You have to include the value of 44% of IM3 and 10% of C4V as...

You have to include the value of 44% of IM3 and 10% of C4V as well if Nachu does nothing. Valuation also of IP for the graphite processing process. I doubt whether C4V made their solid state battery out of Nachu Graphite unless they used the drill samples. I assume it was sourced elsewhere and MNS IP was applied. What's the value of 10% C4v plus C4V's 44% share in IM3 (not sure exactly but MNS must own another 5% c4v indirectly there for manufacturing). Then there's the sole SEZ of graphite in Tanzania to value. Read between the lines. You are dealing with huge intangibles. For now. If you want tangables instead, maybe better to value a retail stock that is producing? This setup is not worth it's phyical assets only.