ADN 5.88% 0.8¢ andromeda metals limited

Ann: Webcast on the results of the 2023 DFS, page-48

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  1. 967 Posts.
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    You have been correct about the MC of this company based on previous information provided by ADN. You get a gold ⭐️.

    How will this change based on information we are going to get soon is a little difficult to predict until it happens.

    I think it will be either zero if the numbers and assumptions are not realistic and don’t show the path to getting into break even at the first stage or somewhere a bit higher than now if it looks like it has a realistic chance of getting into production and not losing money at the first stage. Maybe MC around $150-200 million in such case before getting the funding sorted.

    We are talking MC not share price.
 
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