DYOR. Analysis is highly-speculative. The analysis assumes offtake capacity for the Great White JV and HPA Projects are filled by the time each of the project stages start production. You must do your own research and analysis. Seek independent professional advice and make your own investing decisions.
Cashed up with $45M added to the bank ADN are now well-funded to progress through completion of DFS, mining approval and decision to mine.
My estimate of value pre-DFS is $0.37. See basis for this below.
I think we will see a quick run over the next month or two to previous support and resistance around $0.25.
My current thoughts on SP between now and end of year.
Pre-DFS range is based on my analysis here ( Post #:
54545465 ):
- Based on risked estimate $0.205 to $0.33 (with 5N HPA) and using Discounted Cashflow.
- Anticipated range by end of this quarter
After DFS with Offtakes + Finance for Stage 1 ( Post #:
54569504 ) :
- Based on risked estimate $0.37 using Discounted Cashflow.
- Will review/update once we have more information
DFS is expected early Q4. Other catalysts noted on the chart above.
