its a must have monday morning, page-45

Hi Fishead,

Good point and you are right ADY will need more cash to get the Rincon salar up and running imho.

The income from the iron ore will probably not be enough to get all projects in full production.
One of the postive points are that the cash flow from the iron ore will give ADY easier access to loans and ofcourse commands a higher share price, read less dillution if more equity needs to be issued.

All I can say, if we need to go back to the market to get access to the US$165 million of revenue, that the Rincon Salar and the expanded Iron ore project gives us , then is will be money well spend.

Just remember the OX shares on issue have over 1 billion now but with an ever rising share price attached to it.


jojo