Lake Suprise is also close to existing BHP assets and the strategy might be for a BHP takeover. There is a risk that Adavale just don't find anything and run out of money to continue drilling. I am not sure if Adavale applied for the BHP Xplor program but that is not necessarily a bad thing. Tanzania is a risk but continued BHP investment in Kabanga (US$100M) is helping with confidence. BHP’s purchase of a stake in Kabanga values the project at US$658 million. It is impossible to value Adavale at the moment but at US$50M, if they can find nickel, the SP would be around $0.14.
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- Ann: Financing Secured to Progress Kabanga Jirani Nickel Project
Ann: Financing Secured to Progress Kabanga Jirani Nickel Project, page-14
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0.4¢ |
Change
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Mkt cap ! $4.845M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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13 | 4421553 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.4¢ | 21472528 | 11 |
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No. | Vol. | Price($) |
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13 | 4421553 | 0.003 |
35 | 35320777 | 0.002 |
21 | 29365100 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.004 | 21472528 | 11 |
0.005 | 3397005 | 6 |
0.006 | 3656816 | 4 |
0.007 | 12409536 | 9 |
0.008 | 1820001 | 5 |
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