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5.88%

1.8¢ andromeda metals limited

Or market adding in a value for the 100% owned ADN tenements. I...

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MrQ

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30/01/21

18:37

Post #: 50573746
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Originally posted by Yagami: ↑

Perhaps but also maybe no... The market is can often be forward looking at times so it really depends on how we are looking at the company and its often hard to pinpoint the market's evaluation down to an exact number. DFS is coming out in the next quarter which is sure to add onto that current NPV value which you have pointed towards. So it would make sense that perhaps the evaluation is taking into the future DFS NPV numbers which could further increase the projects NPV upwards of 1.5-2x imo.

But then again, we have the same case with MEP where they hold 25% in the same Great White Project as we do, however are only being valued at ~80 million MC despite ADN's 75% evaluation of upwards of ~ $550mil+. Could make the argument that MEP should be worth around ~$185mil MC in that case aswell imo...

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Or market adding in a value for the 100% owned ADN tenements. I mean, other companies and shareholders with nearology to ADN 100% owned tenements are calling that they should be as big as ADN.

ADN Price at posting: 27.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 1.8¢		Change 0.001(5.88%)		Mkt cap ! $52.87M

Open	High	Low	Value	Volume
1.8¢	1.8¢	1.8¢	$918	51K

Buyers (Bids)

No.	Vol.	Price($)
23	6473671	1.7¢

Sellers (Offers)

Price($)	Vol.	No.
1.8¢	802496	7

View Market Depth

No.	Vol.	Price($)
23	6473671	0.017
46	12018586	0.016
22	5054048	0.015
6	1638544	0.014
6	3876923	0.013

Price($)	Vol.	No.
0.018	802496	7
0.019	3756605	9
0.020	2377720	17
0.021	4139035	6
0.022	2030273	10

Last trade - 10.00am 15/05/2024 (20 minute delay)


Last 1.8¢			Change 0.001 ( 2.78 %)
Open	High		Low	Volume
1.8¢	1.8¢		1.8¢	195250
Last updated 10.27am 15/05/2024 ?

ADN (ASX) Chart