Executive Director's comment:
"This validation is very encouraging and has helped confirm the final location and selection of our priority drill targets."
So I'm also primarily interested in the expected results.
I've been here in ADD for some time and I hope that the wait will pay off someday . I bought my first parcels a lot higher, sold these parcels one month ago for personal tax reasons, but participated in CR and topped up a part then at 2.8c.
To put some meat on the bone here some snippets of an article I found at seekingalpha:
see https://seekingalpha.com/article/4550672-nickel-miners-news-for-the-month-of-october-2022
2022 - IEA forecasts 60 new nickel mines needed by 2030
BMI forecasts we need 330+ new EV metal mines from 2022 to 2035 to meet surging demand - 72 new 45,500tpa nickel mines needed by 2035
When you combine the two pictures in your mind you can see, that for the cathode you need nickel, lithium, cobalt especially in high amounts.
So my hope is not lost that ADD will be one day one of these 60 to 72 new 45,500tpa nickel mines needed by 2035 !
On the other hand you will recognise the huge amounts of graphite used for anodes. Put the above told together and you could maybe get another investment idea when you search for new ideas and search for co's in that sector. But remember I'm not an invest adviser, I'm only a little guy from Germany investinng mainly on ASX.
And besides what I noticed about the ADD chart in last 3 years:
There are mostly consequent up- and down-phases, only these marked sideway-phases in the chart. So my conviction is, the last 2 month sideway phase will not last for ever. Combine the points from the article above:
At least my belief is an outbreak of that pattern to the upper side !
But what am I talking about, like I said before, I'm only a little guy ....
and keep smiling when my predictions come true.
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