ADY 0.00% 0.7¢ admiralty resources nl.

Based on a full year's productionSanta Barbara & Santa FE Iron...

  1. 19,695 Posts.
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    Based on a full year's production

    Santa Barbara & Santa FE Iron Ore 2.4mil tonnes @ $42 margin @49% ADY share equates to $AUD 56mil (88cents AUD v US)

    Plus Lithium Speciality Specs 2000 tonnes @ US$18000 margin = AUD$ 41mil

    Plus Lithium 17000tonnes @ US$5000 margin = AUD$96mil

    Potash 70000 tonnes @ US$155 margin = $AUD12mil

    Net $205million
    950million fully diluted shares
    EPS 21.5
    PE 8
    SP =$1.72

    Now ramp the iron ore to 5 million tonnes and lithium to 35000 tonnes
    Net $360million
    EPS 37.8
    PE 8
    SP = $3.03

    Warning my assessment may be wrong, as they my know crude number crunching, but State One stockbrokers put a SP target of $1.20 and EPS of 15 cents based on only 6 months of lithium production. They are the experts so I am not that far off.

    Using a humble PE of 8 for such a long life resource is being conservative, but it demonstrates that ADY SP appreciation has only just begun.

    This is a comfortable hold for the patience, no decision required until $1.50 is hit.
 
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