ADN 5.88% 1.6¢ andromeda metals limited

Ann: 2023 Definitive Feasibility Study Results, page-210

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    It's not uncommon for Co's to release a single DFS for a staged production approach - and to be honest I get why the company wouldn't do this as it would confuse the market imo. I believe they also have intended to compare it with the previous DFS on a consistent baseline

    Look at the 2021 LTR DFS - shown with full LoM at 8% discount, no one had an issue with that
 
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