Short Term Trading Week Starting: 6 Nov, page-496

Version:1.0 StartHTML:000000220 EndHTML:000138760 StartFragment:000137658 EndFragment:000138647 StartSelection:000137658 EndSelection:000138647 SourceURL:https://hotcopper.com.au/threads/peer-comparison.3827523/ ANDROMEDA METALS LIMITED (ASX:ADN) - peer comparison, page-1 | HotCopper Forum

1. ok guys I would like to highlight how cheap I think ADN is as a Pilbara play.
   
   ADN
   100% interest
   756kms of Pilbara tenements spanning 11 exploration licences and 238 blocks
   SP 1.4c
   MC approx. 8 million
   
   IPT
   100% interest
   1300kms of Pilbara land simlar land area to ADN
   SP 3.3c
   MC 35 million plus
   
   EYM
   100% interest
   512kms of Pilbara land middle and lower parts of the pilbara
   SP 3.8c and going higher as I type lol
   MC after acquisition will be 30 million plus
   there just had a research report indicating value of 7c
   
   PIO
   not sure of exact land size
   before notice of pilbara play
   SP was 1.8c and MC was 15 million
   now SP is 4c and mc is 50 million plus
   
   given the above I see fair value currently for ADN at a SP of 5.6c
   or a MC of 32 million.