ADN 11.1% 1.6¢ andromeda metals limited

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  1. 940 Posts.
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    Certain graphite hopeful in the Eyre area has lodged PEPR application on 27th of September last year and still no news.

    Long lead term items normally means 12 months or more.
    Nowadays stuff that had 8 months lead time is over 12 months.

    Really optimistic case 6 months wait for PEPR add 12 months lead time puts ADN starting production by the end of 2023 if they lodge PEPR application this month.
    That is just PEPR related.

    There are still other minor points like no customers for the product found so far, no BFS, no FID and no money for capex.

 
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