CRUX and SAMSO interviews, page-14

Just listened to the Samso interview. I think JM pretty much summed it up:

What appears to be currently getting valued in SP

- Poochera DFS (which the market sold off on because of a 3-6 month delay in timeframes, still expecting to get to production in ~18 months time)

What appears to be getting currently zero value in SP

- Condoringie: potentially 40%+ pure halloysite
- Mt Hope: 100% owned by ADN. More pure hallyosite
- PW70 sales out of Poochera
- Potential for SA/Federal Govt support to fast track projects & bring forward timing
- Other JV tenements in gold etc
- Research into the potential use of halloysite nanotubes (carbon capture, hydrogen, anti viral filters, energy capture, etc, etc) - A$5,000/tonne product
- HPA opportunity
- Potential for ADN to become a diversified Australian industrial minerals business (which JM alluded to) - in a jurisdiction which still doesn't appear to understand investment in industrial minerals but is potentially sitting on a lifetime of resources...an Aussie Imerys!

Seems like a pretty compelling opportunity to top up at current prices which are down ~25% from the pre DFS pump...all IMO