Kabanga has a 30 year life, BHP are not in a rush to acquire...

Kabanga has a 30 year life, BHP are not in a rush to acquire surrounding tenement based on nearology presumptions. If you think about it, ADD at 7m market cap need to stay alive long enough for Kabanga to reach production, repay debt, achieve profitability to then start to inject funding into growth exploration in regional location.

This is a common factor with nearology plays, put it this way, no one would be invested in ADD if kabanga wasn’t next door, hence ADD arbitrage is that ADD have Kabanga landlocked and they will need to expand on ADDs terms. This may be the case, but it won’t be happening for a very long time.

If Kabanga was past peak production and declining supply that it would be different story, thats minimum 20 years away

Do you think ADD can survive another 10 -20 years? That’s the question

Just my thoughts