I would love to see a valuation by one of the holders on this $2.4B company. I am struggling to see where one starts a valuation on these earnings and just what metrics if any can be realistically used to come to this or any  valuation. I am guessing quite a few holders got in on this very early and have cleaned up on the insane run up but, as a non-holder looking in I am flabbergast by that daily turnover and who is buying at these levels??? 

A couple random thoughts I had on their recent presentation and Q&A

With non-disclosures in place it's possible NVX already has, or will, a deal with Tesla and we never hear about it.

They aspire to be a "household name". Are you really going to look at a Panasonic battery and think "there's a Novonix anode or cathode in there"? Or do they have to make an entire battery to achieve this?

Great article by Tim Boreham at Sharecafe on NVX. If you're unfamiliar with the company this is probably the best place to start.

https://www.sharecafe.com.au/2020/07/30/novonix-is-off-the-blocks-in-the-race-to-build-a-million-mile-battery/

Andrew Wielandt from DP Wealth Advisory and Kim Slater from Kimber Capital discuss NVX on Ausbiz The Call (starts around 21:20)

https://www.ausbiz.com.au/media/the-call-friday-24-july?videoId=2978

Normally the pros tear these small spec stocks apart but they were both positive highlighting managements proven track record, skin in the game, their tech and the quality of major shareholders. The only part I'd disagree with is Kim stating they'd need another cap raise in the next few months. While possible I don't think it's as certain as Kim makes it out to be.

         
Andrew believes it was a bit overpriced at $1.20.