ADD 20.0% 0.4¢ adavale resources limited

Ann: Massive and Semi Massive Nickel Sulphides Zones Intersected, page-47

  1. 114 Posts.
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    I guess, the assay results of # 4 DD drilling hole could be out soon. As company mentioned on its 17/08 announcement, "it would take about 3 - 4 weeks." ...
    Considering the fact that ADD's very small Mak cap., below $10m now, any material significant result from current drilling program could have a huge impact on the share price.... Risk & reward ratio is extremely good imo. (I had applied more shares on last day.. 31/08/23)
    Look at Lifezone on NY exchange, market cap is over $1billion $USD, that's approx. about $1.4 Billin $AUD, if we can discover mineralization in our any 7 sites, say only 1/4 of they are having, that would be worth about $350 Millon AUD isn't it? a 35 bags?? it is not impossible!!
 
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