ADN 0.00% 0.8¢ andromeda metals limited

The original project as defined in the PFS was based on revenue...

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  1. 11,249 Posts.
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    The original project as defined in the PFS was based on revenue AUD $700 x 233 kt pa = AUD $163.1M (USD $119M).

    Looking at some of the detail in this announcement:

    Screen Shot 2021-09-27 at 9.38.05 am.png

    Let's say they signed an offtake for just 20,000 tonnes at USD $2,000 then that is USD $40M revenue from less than 10% of the production plant capacity of Stage 1 + 2 ( 233 kt ).

    Note the terms used above "approval testing".  They have already supplied smaller samples and now this potential customer wants a bulk sample.
 
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