ADN pre-DFS target of $0.26 to $0.35, page-129

I recently forwarded ADN’s recent announcement, in particular the concrete test results, to a client who runs several ready mix concrete plants here in NZ.

The initial reaction is that the results were amazing and they see immediate use in supplying manufacturers of precast concrete slabs. Pricing of A$5,000 per tonne didn’t appear to be an issue given how little additive is required per m3. Asked me when they could start sourcing it...

I’m very encouraged by this very informal market research, as they are usually very conservative.

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