Remember the PFS was based off 500ktpa, whereas the DFS will be 250ktpa for years 1-3 (albeit with a higher margin product).
Base case with our BOAs should see ADN closer to 40c than 20c, using a PE of 20. Few assumptions there as we don't know PRM sale price (assumed $1k). Anything extra (DSO, concentrate) will only send that estimate up.
An NPV > 700m and we cement our valuation heading back to a $1b company in the future.
Ann: Definitive Feasibility Study (DFS) update, page-175
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.57M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.7¢ | 0.6¢ | $42.12K | 6.904M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 14375473 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 8247904 | 20 |
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| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| ADN (ASX) Chart |