ADN 0.00% 1.7¢ andromeda metals limited

As I understand it between 3 and 6 million must be spent before...

  1. 297 Posts.
    lightbulb Created with Sketch. 38
    As I understand it between 3 and 6 million must be spent before decision to mine can be made. You make an interesting observation. What if less than 3 million is spent when it becomes obvious the decision to mine is a no-brainer? I guess it does depend on the fine print. Perhaps the fine print included a certain amount of work on HPA. In the scenario where DSO and partially beneficiated product via dry processing is a viable business model I can see less than 3 million being spent before decision to mine. After all James has said they can be in business in less than 2 years and 3 million in 2 years just for Poochera DSO and dry processing including PFS sounds correct. Maybe I (we?) are dreaming.
 
watchlist Created with Sketch. Add ADN (ASX) to my watchlist
(20min delay)
Last
1.7¢
Change
0.000(0.00%)
Mkt cap ! $52.87M
Open High Low Value Volume
1.7¢ 1.8¢ 1.7¢ $49.11K 2.887M

Buyers (Bids)

No. Vol. Price($)
48 13974511 1.7¢
 

Sellers (Offers)

Price($) Vol. No.
1.8¢ 7810266 10
View Market Depth
Last trade - 16.10pm 24/06/2024 (20 minute delay) ?
ADN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.