Id expect the number to be closer to 80% IRR if they do an update next year. Id also expect a raising and consolidation at the same time. Id be happy for them to do it now while shorters have probably cleared the decks just in time and the MC is Ok considering ADNs potential we were told a few years ago.
I wouldn't believe JM and his timing as its out of his control.
Ann: Investor Presentation - Noosa Mining Conference, page-28
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