All IMO
Whilst a good number of questions to ask you are way ahead of the curve.
The business case (PFS) for ADN is so far only based on the ceramics industry.
The ceramics industry want this product and need this product
4 LOI from a visit to one city in China
...and this provides for an IRR of 173%!!!!
More recently JM mentioned the DFS (due December) is expected to be 4-5 times better than the PFS and this appears to be based on a cement additive.
Everything else is future opportunity for ADN and right now IMO is not factored into the SP
GLTAH
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