ADN 0.00% 0.9¢ andromeda metals limited

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  1. 6,814 Posts.
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    Was thinking the same Scarpa, we have 75kt of 116kt already tied up. Others who want GW product will have to move fast to ensure they don't miss out as MSI is still in talks with ADN about securing more product for ceramics.

    We all thought the DFS would be totally ceramics and now we get this bombshell announcement. Well I can say it blew me away. The tonnage and the sector being sold too was a pleasant surprise. We now have at least 60% of first year production being sold to coatings & polymers which fetches around $1,000 per tonne. Two years later 150kt has already been negotiated as production doubles. That will be 65% of total production supplied for coating and polymers. This will improve the DFS out of sight. I don't need to provide the numbers, see Womat777's post.

    I thought something like this would be a few years away but it was delivered before the DFS.

    Cannot wait to see the DFS.


 
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