Independent Valuation Report
Sydney, Nov 11, 2022 AEST (ABN Newswire) - Manufacturing company Veratin Limited (
NSX:VTN) is pleased to provide the following Independent Valuation Report to the market. The valuation report was commissioned to determine the Company's value ahead of its planned ASX listing in 2023.
In summary, the Independent Valuation Report states:
1. The Discounted Cash Flow analysis estimates a current valuation of Veratin Limited between $7.3 million and $24.0 million, with a preferred valuation of $14.6 million.
2. An analysis of publicly listed start-up companies operating in similar fields, although limited in number, suggest a valuation of up to $100 million may be achievable once sustainable income is achieved.
Interested parties should read the Independent Valuation Report in its entirety prior to making an investment.
*To view the Valuation Report, please visit:
https://abnnewswire.net/lnk/JD0J9794
About Veratin Limited
Veratin Limited (NSX:VTN) is involved in the research and development of products derived from waste wool, including the development and sales of its initial product, Verigrow(R), a wool-based liquid fertiliser for domestic and commercial use. The Company is also involved in the development of additional products and opportunities derived from its registered intellectual property.
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