ADN 16.7% 0.7¢ andromeda metals limited

ADNOB options - $0.012 strike, 30 November 2020 expiry, page-2

  1. 761 Posts.
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    Like your work @wombat777


    Personally I've gone for a bigger ratio of oppies vs. heads here as I like being leveraged to this play and I'm confident that mgt will deliver, but oppies ain't for everyone as you point out more risk associated etc etc......


    This year will be pivotal for ADN........so much hinges on quickly nailing down some favorable off take agreements..........getting binding DSO and 'ceramics' OT's signed will certainly de-risk this operation going forward. After all we only need a one 200,000 ton DSO deal that nets approx $35 per ton to be making our current mcap in revenue each yr........


    Will we see more than one DSO deal? Will it be for much larger tonnages than the oft quoted 200K? Is $35 net per ton to ADN unrealistic? So many questions...............


    Have you crunched any numbers on a simple DSO operation that you'd care to share wombat777?

 
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