ADY 0.00% 0.7¢ admiralty resources nl.

great announcement, page-8

  1. 15,806 Posts.
    re: great announcement? no! If you take their expected tonnes in year 4 and multipy them out by the market value of the products, you struggle to get the minimum A$75m as revenue.
    I cant see anything like A$75m PROFIT to then get their crazy valuation. It makes no sense!!
    I cant believ that management keeps putting out such clear nonsense when the maths dont stack up.
    Who are they kidding?
 
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