That is true Evision, however when you compare the market caps of the two comparable companies within the area, $87 mil & $27 m respectively it leaves plenty of upside for Ardiden at a very modest $3 million market cap. Ground floor at these prices.
Zenyatta Ventures’ Albany (45.2Mt @ 3.14% TGC, A$87m capitalisation) and Northern Graphite’s Bissett Creek projects (93.8Mt @ 1.72% TGC, A$27m capitalisation). We do see, given the limited strike tested to date at Manitouwadge, the potential for higher grade mineralisation in the identified graphitic horizons. In addition the overall drill intercepts contain individual 1 metre assay intervals up 10.8% TGC.
ADV Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
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