Lake Suprise is also close to existing BHP assets and the strategy might be for a BHP takeover. There is a risk that Adavale just don't find anything and run out of money to continue drilling. I am not sure if Adavale applied for the BHP Xplor program but that is not necessarily a bad thing. Tanzania is a risk but continued BHP investment in Kabanga (US$100M) is helping with confidence. BHP’s purchase of a stake in Kabanga values the project at US$658 million. It is impossible to value Adavale at the moment but at US$50M, if they can find nickel, the SP would be around $0.14.
Ann: Financing Secured to Progress Kabanga Jirani Nickel Project, page-14
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Last
0.4¢ |
Change
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Mkt cap ! $4.261M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $3.223K | 805.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 11774914 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 494250 | 2 |
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| Last trade - 13.25pm 26/07/2024 (20 minute delay) ? |
| ADD (ASX) Chart |