ADY 8.33% 1.1¢ admiralty resources nl.

sdl and ady, page-3

  1. 168 Posts.
    You overlook the fact that BHP and RIO are ready to spend $100's of millions to put a landlocked deposit in Guinea into production. What drives SDL shares up is that chance they may be able to prove a 1 bi tons plus deposit in a new iron ore province. They have huge licences so anything is possible.

    Remember that FMG is worth $52 bi in market capitalisation and is six months from earning the its dollar.

    Given that BHP shares are closed at $47.30, would you buy BHP with its huge diversified profits or FMG at $52?

    Maybe you need to look at the iron grades of ADY ore to find an explanation for their share price.
 
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