This company has a highly prospective asset portfolio in Australia and South America. The top 20 shareholders hold approx. 40% of ADYs ordinary shares. It has a free float of around 290 million shares. The Rincor Salar project is valued at 30c per share fully diluted. This valuation incorporates only 15% of the estimated inferred Lithium resource. The 48cps,(at a 12% discount rate),incorporates this and only 40% of the known,(non-JORC),Iron Ore resources in Chile. In addition...This does not take into account the $92 Million at long term contract prices for the 230000 T Boric Acid at $400/T.
ADY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
