My 5 year Share Price Target, page-70

All IMO

I have no idea what the SP will be.
IMO well north of here.
Our furry marsupial friend @wombat777 and @Goldhawk11 who started this thread is better at those predictions.

As the markets are generally forward looking...
At the time ADN start paying dividends, a well stated goal of the company, there will be other revenue projects (e.g. hydrogen) and an expansion of resources (e.g. Camel Lake on the horizon). So IMO the SP will be a mix of the dividend yield and future NPV. IMO the runway is long on ADN.

I therefore adopt Horizon Forecasting (If I was in a sail boat, I may know the generally direction but cannot see over the horizon. When I get closer to my destination, e.g. sail over the horizon, more information comes to light and course adjustments can be made to reach the goal).

With ADN we know the general direction of the company and its opportunities, however, we do not know the full details. Those details will become visible as time goes by e.g. BOAs for ceramics, concrete additive & carbon capture, DFS, HPA, Hydrogen, Medical, Camel Lake PFS, Mt Hope DFS etc... IMO opportunities for ADN growth will still exist in 5 years time. e.g. Don't discount some M&A activity by ADN to control the Halloysite market in case someone finds more of the stuff somewhere...

In the meantime we all speculate what might be on HC. Who knows, in the 5 to 10 years time frame, ADN could be another relatively boring ASX200 Coy paying dividends. Nothing wrong with that but IMO it would no longer be the multi bagger excitement machine that attracts us today.

So to the SP.
It won't bother me too much what the SP is if I can see dividends for the next 100 years!
That might be something for the future great grand kids to worry about.

Selling all at once in the next 5 years would create a massive 7 figure CGT event.
When we get to the various Horizons over the next 5 years I will sit down with my family and advisers and review our plans. Right now the plan is to be boring and sit and hold. I may buy a few more but to be honest my portfolio is overweight on ADN.

All IMO DYOR
GLTAH