ADN's price has taken a battering over the last few months but...

ADN's price has taken a battering over the last few months but it looks like it has found its bottom around the 36c level.

I have heard that drilling has now finished at Tripataka and moved onto the ADN/ILU JV area between Tripataka and Jacinth/Amrosia to extend drilling that previously hit some mineralised ground.

With a potentially large Zircon resource to be announced in September and the upside of another find in the near future, I suggest that a mkt cap of $25m is peanuts for this little gem of a company. That doesn't include their gold exposure in NT or uranium in SA.