Well it doesn't take too long to work out this could provide exceptional returns in the next few weeks.
3mmbl * AUD90 = AUD 270m
Production Costs AUD 135m (Say 50% of Revenue)
Net Value to ADE AUD 135m
Fully Diluted Shares 99m + 61m options = 160m
AUD 135m / 160m = 84 cps
Cash 11m / 160m = 7 cps
Total Value on 3mmbl = AUD 91 cps
Very crude valuation I know but it makes the reason why this is a buy at 18 cents apparent. To this we must add the other projects, of which West Florence in the US looks like it will be a producer also. This could take the valuation over $1.00 per share fully diluted.
I rest my case.
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