Compare RGX market capI'm shaking my head... How is a battery recycler AMY trading at $125 million cap (high/low range of 230M/65M) and RGX is sitting at $35 million today?
Compare AMY: still in prototype phase, and have no secure source yet for spent batteries. In other words, the same position as ETI was 3 years ago.
I won't go into RGX details as we all know it, other than to say it commences production in a matter of weeks, and has a secure source of spent CC. I would think it should trade in the range of $0.35 to $0.50, if not more. Are spent batteries worth more than spent CC? Help me understand!
https://midasletter.com/2023/02/recyclico-battery-materials-cveamy-ceo-interview-on-recycling-e-waste-into-new-batteries/?utm_source=Midas+Letter+Newsletter&utm_campaign=99e7ef41a0-EMAIL_CAMPAIGN_2022_03_10_02_49_COPY_01&utm_medium=email&utm_term=0_5831ad2179-99e7ef41a0-105304828