ADN 0.00% 1.6¢ andromeda metals limited

Ann: Andromeda and Minotaur to Combine, page-300

  1. 782 Posts.
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    Based on ADN's current SP and cash on hand, factoring in the dilution of issuing shares to acquire MEP (as the market seems to have), ADN's implied Enterprise Value is ~$450m.

    For that you get:
    - 100% GWP
    - 100% NNT
    - 100% HPA opportunity
    - 100% Camel Lake
    - 100% Mt Hope
    - A couple of Au and Cu JVs

    What have I missed?

 
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