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06/10/18
17:26
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Originally posted by anf0
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The companies you mentioned have a unique product offering. There was nothing like them at the time and really there still isn’t.
Magnis is entering a saturated space with a product that already exists in various forms, and their version has not yet been proven as commercially viable.
As for the ridiculous Nachu valuations based on NPV - it’s a pipe dream. Graphite is everywhere, and very very very few companies have been able to mine it, produce it and sell it successfully. When Magnis tried to go down this road they barely filled 10% of their targeted off takes. If they believed that Nachu was truly a $1.6bn asset, I mean truly, not at face value, don’t you think they’d be mining it? You could make it work while still pursuing the battery side of things, but they’re not. Just be honest with yourself and this 2 year down trend in the SP would make perfect sense.
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Imo MNS is just one major funder away from fullfulling a possible 50% of the offtakes not just 10%.
And with directors who come from Aston Martin,ANZ and Tesla on the board now the possibilities have become very real.