ADN 29.4% 2.2¢ andromeda metals limited

General comments/chat, page-13294

  1. 891 Posts.
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    "For Great White I valued the Reserve at higher confidence (20% discount). This is the basis of the PFS. I valued the main zone at AUD $700 / tonne as per the PFS ... so this is conservative given there could sell a concrete product from this resource ( pricing could be up to AUD $4500 / tonne ).

    80% discount applied as it is a Proven & Probable Reserve. ADN's share is by my calculations worth $0.26 per ADN share (discounted)"

    Holy [cash] cow ! If all on Great White were to go to concrete additive, that's 6 x better return , $700 to $4500/ton. Easier/cheaper to produced.
    This switch is bit of a no brainer and the delayed DFS seems to suggest management think do too.
    SP $.26 x 6 = $1.82
 
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2.2¢
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Mkt cap ! $68.42M
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1.8¢ 2.2¢ 1.8¢ $769.1K 37.42M

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No. Vol. Price($)
1 366000 2.1¢
 

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Price($) Vol. No.
2.2¢ 876150 5
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