Replies to post #648 on International Battery Metals Ltd (IBATF)

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Bottom of post. Valuation, of patents. It don't get any clearer than this.

On April 12, 2018, upon completion of the Acquisition (Note 6), the Company acquired certain intellectual property (the “Intellectual Property”), from the shareholders of SAL. The Intellectual Property was recorded at $6,717,487. During the six months ended July 31, 2019, the Company recorded amortization of $333,113 based on an estimated useful life of 10 years. As of July 31, 2019, the Intellectual Property was $5,841,454.

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