These other companies who are digging for halloysite / kaolin will remain doing just that. Digging. Yes they may find something, yes it may be an anomaly and have value in-situ however it will never be commercialized.
The objective of the stock market is to make money so I respect people investing in our "competitors" to trade off nearology but none of them have even remotely the means to commercialize any of the opportunities to build a long term business case that will reward investors.
PNN / LRS / OAR - should they find some blend of halloysite it will remain right there in the ground and if by some grace of god they get it to ceramics / porcelain or paints / polymers (at best) they will be years behind ADN.
None of these companies have Natural Nanotech and the best they can do is hope they strike something that is even remotely worth James and the board acquiring it.. and why would you even be looking when the highest purity halloysite in the world is soon to be drilled at Camel Lake?
Not to mention James has gone through this extensively in the past.
ADN are the benchmark company now but it's important to see the others for what they are. Short term trades.
Each day that goes by without an announcement brings us closer to multiple dropping in the same bracket.
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