ADN 5.26% 2.0¢ andromeda metals limited

Hi guys, I'm just trying to work out the value of our possible...

  1. 65 Posts.
    lightbulb Created with Sketch. 30
    Hi guys, I'm just trying to work out the value of our possible cement additive. I know nothing about this so have been trying to research and hope somebody who knows more might be able to confirm my workings out. OK 1st of all I'm going to work of us getting a agreement with Adelaide Brighton Cement (ABC) as was talking to a senior manager from there who gave me the impression they were talking to Andromeda but I couldn't get him to confirm or deny so as I said this is just my personal guess.
    ABC produce around 2,800,000,000kg of cement per year (from there 2019 annual report)
    it take 320kg of cement to make 1mc of concrete. (Based on a basic google search) so this would equals 8,750,000mc per year.

    So if were selling 1tone for $4000 and using 1kg per cubic meter then we would be selling 8750tones * 4000 = $35,000,000 per year min.

    Now on for the top end. The studies is being completed with them using 1,2 & 4kg per 1mc and 4kg is looking the best so far so if we can sell 4kg per 1mc and at the high price end of $5,000 then this could be worth.
    8750*5000*4= $175,000,000 per year

    Any feed back or corrected amounts would be greatly appreciated.
 
watchlist Created with Sketch. Add ADN (ASX) to my watchlist
(20min delay)
Last
2.0¢
Change
0.001(5.26%)
Mkt cap ! $62.20M
Open High Low Value Volume
2.0¢ 2.1¢ 2.0¢ $29.79K 1.490M

Buyers (Bids)

No. Vol. Price($)
1 8500 2.0¢
 

Sellers (Offers)

Price($) Vol. No.
2.1¢ 1006165 4
View Market Depth
Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
ADN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.