ADN 13.6% 1.9¢ andromeda metals limited

Ann: Scoping Study Delivers Robust Economics for Poochera, page-50

  1. 6,498 Posts.
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    where did you get a 50% CR at 5c from? that will not happen. Read the SS again or my previous post on this matter.
    PE of 10 is way too low

    The SS has used the lowest price per tonne for sales when ADN have a premium product. Mid range price gives a annual profit to ADN of $54.4m on 2 Billion shares and a PE of 15 which is far more realistic give us a price of 41c
 
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