ADV 3.70% 13.0¢ ardiden ltd

Sorry to bring this back up but I too am trying to reconcile the...

  1. 5,420 Posts.
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    Sorry to bring this back up but I too am trying to reconcile the difference in EV of ADV to SYA. The grades at SYA are the same as AJM so obviously commercial and they have 177kt of li compared with ADV which has 8. SYA also further along.

    Not trying to downramp - but trying to work out whether ADV is a decent risk reward at this level or whether SYA is just ridiculously cheap.
    I don't think the offtake partners should be valued too highly as I'm sure SYA could pick one up in a heart beat considering their contacts through AJM and even companies without a resource can pick up BOAs and MOUs

    Thanks
 
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