Understandably, I'm sure most investors would most definitely prefer ADN's project's economics given low capex, high IRR etc...
Nevertheless, given the current market capitalization I see the company being valued for organic growth at a stage where we have only just submitted our mining approval and claimed our first off-take partner for ~2% off our PFS output. Great project, don't get me wrong... just still plenty of 'IFs' and 'ORs' over the next few years. Investors should be aware of what is being priced in, as imo it is assuming a lot of events play out without hiccup, which management have been able to deliver upon til this stage, a testament to the team.
Again my point being, just be aware as production is also a different ball game that comes with its own set of problems for all mining projects.
ALL IMO
General comments/chat, page-17025
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $49.76M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.5¢ | $79.82K | 5.015M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 7059011 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 2016495 | 4 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| ADN (ASX) Chart |