ady pre open , page-2

ady (to emma) - watch it go up Emma, what did you think about the excellent Announcement today?

This will give Admiralty Resources an annual profit stream of approx $A7.5M comprising:
a] Iron Ore Investment - $US3.5M / yr
b] NilNav - $US1.7M / yr

I think this is very exciting and also excludes the high potential Rincon Salar and Bulman projects.

I would love to see an new independent valuation. I think it would be worth more than 14 cents per share with significant upside still.

All news welcome. Looking forward to positive returns for long term investors.