Yes.
And on Wombats numbers (see below) the EPS is 6c with only one plant.
With such a large resource / reserve why would ADN only have one plant when there is such a high global demand.
The stated demand is already well above what ADN can produce. Hence two or more plants.
In simple terms a second plant would double EPS to say 12c. Allowing 50% retained for ongoing investment leaves 5c/6c left to pay out in dividends.
And yes, I trust Wombats numbers but have also run the numbers myself.
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Last
2.1¢ |
Change
-0.002(8.70%) |
Mkt cap ! $65.31M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.4¢ | 2.1¢ | $163.8K | 7.481M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 584999 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 938291 | 4 |
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| ADN (ASX) Chart |