ADN

16.7%

0.7¢ andromeda metals limited

What do you mean "average is 60% what happens when we remove the...

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jiska

2,869 Posts.

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13/12/19

15:28

Post #: 41957892
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Originally posted by billyen: ↑

This is another great update by ADN.

For those that actually read it and understand...Pooch is loaded with Halloysite!
Even the lowest level of 24% is very impressive, as we all know that you can processed to the 90's.
Even with cheap and basic processing to remove the sand...you're up to 50% (A VERY sale-able and valuable Halloysite - Kaolin product.)

Yet, the AVERAGE from the drilling SO FAR...is in the 60's
What happens when we remove the sand from that?
Let alone wet processing.
Think people.

The market isn't going to think or understand that.
This update IMO was basically a sneak peak of the updated SS and the FS we'll get in a few months.
The Halloysite/Kaolin resource size is going to be epic and the largest in the world by a big X factor.
The customers will come with pen in hand (if they aren't already getting ready to do so.)

I've heard the the FS is enough data for a decision to mine!!
We know what happens then!

I've been doing a little rough adding and we are basically at (or close too it) the 3M spend.
So ADN probably has 51% of the massive Pooch and Camel Lake projects now.

All of ADN sites look exciting but NOW...it looks like we have ANOTHER monster in Condooringie...and they are going to drill the crap out of it.

James knows EXACTLY what to do and WHERE.

I'd like the SP to pop 1-2 cents on every update also...and it will.
I just hope ppl. who are buying aren't hoping for a 50% gain in 2 days.

It would be good if the board pulled their finger out and promoted the ADN story to funds but, I don't believe (sorry, I KNOW) they have the skill-set or contacts to bring in larger investors.
They are just ex-brokers who do 1-3M raises from the small ASX firms who are knocked back by the real ASX brokers.
(They are probably to busy counting their options and looking at the SP to see when it get 6,7 cents.)

I hope and believe this will change in the future.

This thing is moving forward...and fast.
ADN is well funded and well managed by James.
The news coming out of ADN in the next 3-6 months will...IMO, make this a MUST hold ASX stock.

IMO
DYOR!!

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What do you mean "average is 60% what happens when we remove the sand" ?

From the announcement:
"Analysis of the halloysite content was doneb y taking samples of the bright white kaolinised granite and first screening them at 45 microns to remove the sand, before cutting the particle size distribution at a 2‐micron top size, before being measured by CSIRO"

ADN Price at posting: 4.9¢ Sentiment: Hold Disclosure: Held
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