ADN 14.3% 0.8¢ andromeda metals limited

General comments/chat, page-13285

  1. 11,249 Posts.
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    This is the basis of my calculations.

    https://hotcopper.com.au/threads/ge...9186/page-12833?post_id=48865826#.X7ZluBY8YlQ

    20EF0BEE-5E85-4625-983A-4259110DB11B.png

    My heavily-discounted valuation of resources and reserves is $0.82 per share

    Reserves are discounted 80%
    Resources are discounted 95%

    DEG is trading at AUD $659 / oz
    ( $1.45B / 2.2 Moz )

    AUD gold is $2550, so deg is trading at a 75% discount to gold price on a per ounce basis.

    Point of exercise is to show how the market caps relate to value of their resources. Just to show the discount assumptions I have used to value ADN’s Halloysite are reasonable.
    Last edited by wombat777: 19/11/20
 
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