agree. seen some pie in the sky guesses as to CAPEX and project economics.
a wet processing plant that does 115kt of finished product wont be 38M or 56M
my guess is 100M
then add all the other development / sunken costs and my guess goes to probably get some change outa 150M
IMO the only reason this could look good in the PFS was the DSO scenario combined with a large volume - remarkably with $700/t for DSO but with the same figure used for finished product?!? - not sure how that works) but it was all revenue and minimal CAPEX.
definitely has changed.
DYOR
ADN CHART, page-4735
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Last
0.6¢ |
Change
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Mkt cap ! $20.57M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.7¢ | 0.6¢ | $26.59K | 4.398M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 8106342 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 8773977 | 21 |
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| Last trade - 15.58pm 08/11/2024 (20 minute delay) ? |
| ADN (ASX) Chart |