ADY 0.00% 0.7¢ admiralty resources nl.

confidence (mr maccs whats your chart say), page-8

  1. 3,915 Posts.
    re: oz artile great - run tomorrow one and a half column write up.

    a stock to consider for investors who are jaded with coal iron ore and base metals

    says its main claim to fame is the lithium - and its use in batteries - killer app!.

    mentions car makers taking more notice of hybrid cars - huge market.

    mentions rincon salar with inferred source of 70000 tonnes of lithium, 1.3 mil tonnes potash 500000 tonnes magnesium.

    talks about the resource being limitless - as ady says 120 years.

    $39 mil project to start in 07-08

    lithium dominated by 3 chilean and argentinian players. "we have the potential to be the fourth" phil says

    sales will be concentrated in asia malasia and china in particular.talks about the fe02 in chile. 3 mil tonnes neatly stockpiled.iron ore to fund the lithium. plant to be commissioned in the current half. earnings of $10 mil/year

    spec buy with overall loss of $31.5 mil in the current year $17 mil deficit next year and #38 mil profit following.

    also mentions the adr listing.

    overall an encouraging article.

    not damaging and not overly effusive

    working on the nilnav as a cash flow.
 
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